Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

A subsidiary of Cantor Fitzgerald, which is run by the sons of US commerce secretary Howard Lutnick, is letting clients essentially bet that President Donald Trump’s tariffs will be struck down in court.

Jul 22, 2025 - 18:30
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Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them
A subsidiary of Cantor Fitzgerald, which is run by the sons of US commerce secretary Howard Lutnick, is letting clients essentially bet that President Donald Trump’s tariffs will be struck down in court.

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