The president's tariff announcements have rocked the stock markets and fueled concerns of an economic downturn.

There is a growing consensus that Lutnick could be forced to take the fall for the economic chaos generated by the president’s unsteady tariff policies.

On the morning of Sept. 11, 2001, Howard Lutnick took his five-year-old son to school for his first day of kindergarten, causing the Wall Street CEO to be a little late getting to work at his World Trade Center office in New York City.