{"id":12858387,"date":"2026-02-24T01:29:35","date_gmt":"2026-02-24T06:29:35","guid":{"rendered":"https:\/\/www.philstockworld.com\/?p=12858387"},"modified":"2026-02-24T02:00:40","modified_gmt":"2026-02-24T07:00:40","slug":"trump-secretary-silent-as-sons-poised-to-make-bank-from-end-of-tariffs","status":"publish","type":"post","link":"https:\/\/www.philstockworld.com\/2026\/02\/24\/trump-secretary-silent-as-sons-poised-to-make-bank-from-end-of-tariffs\/","title":{"rendered":"Trump Secretary Silent as Sons Poised to Make Bank From End of Tariffs"},"content":{"rendered":"
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Here\u2019s one bet that never loses: someone in Trump\u2019s circle is making money.<\/em><\/p>\n

Trump Secretary Silent as Sons Poised to Make Bank From End of Tariffs<\/a><\/h2>\n

The Supreme Court ruling has helped the family of one man in particular: the architect behind Trump\u2019s tariffs.<\/em><\/p>\n

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By Hafiz Rashid, The New Republic\u00a0<\/a><\/p>\n

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The Supreme Court decision striking down Donald Trump\u2019s many tariffs may prove to be a windfall for the family of Commerce Secretary Howard Lutnick, a key architect of Trump\u2019s signature economic policy.<\/div>\n
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In July,\u00a0Wired<\/em>\u00a0reported (below)<\/a>\u00a0that Cantor Fitzgerald, which Lutnick chaired until he was appointed to Trump\u2019s Cabinet, was allowing its traders to purchase the rights to hundreds of millions of dollars of refunds in the event the tariffs were struck down in court. The firm now happens to be headed by Lutnick\u2019s sons Kyle and Brandon.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

More here ><\/a><\/p>\n

WIRED, in Jul 21, 2025:<\/em><\/p>\n

Trump\u2019s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them<\/a><\/h2>\n<\/div>\n
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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\u2019s tariffs will be struck down in court.<\/em><\/div>\n<\/div>\n
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By Louise Matsakis and<\/a>\u00a0Zo\u00eb Schiffer, WIRED <\/a><\/div>\n
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Cantor Fitzgerald, a\u00a0financial services company led by the sons of US commerce secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump\u2019s signature tariffs will be struck down in court. Traders at the firm\u2019s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in\u00a0potential refunds<\/a>\u00a0from companies who have paid\u00a0Trump\u2019s tariffs<\/a>, according to documents viewed by WIRED.<\/div>\n
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More here ><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s one bet that never loses: someone in Trump\u2019s circle is making money. Trump Secretary Silent as Sons Poised to Make Bank From End of Tariffs The Supreme Court ruling has helped the family of one man in particular: the architect behind Trump\u2019s tariffs. By Hafiz Rashid, The New Republic\u00a0 The Supreme Court decision striking […]<\/p>\n","protected":false},"author":183,"featured_media":12858389,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26922,21,1,12,25391],"tags":[371],"class_list":{"0":"post-12858387","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-news","8":"category-available","9":"category-uncategorized","10":"category-phils-favorites","11":"category-members-corner","12":"tag-politics"},"_links":{"self":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12858387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/users\/183"}],"replies":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/comments?post=12858387"}],"version-history":[{"count":5,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12858387\/revisions"}],"predecessor-version":[{"id":12858402,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12858387\/revisions\/12858402"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/media\/12858389"}],"wp:attachment":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/media?parent=12858387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/categories?post=12858387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/tags?post=12858387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}