News Summary

Cantor Fitzgerald, a financial services company now run by the sons of US Commerce Secretary Howard Lutnick, is enabling investors to bet against President Donald Trump’s tariffs. The firm is facilitating trades on the potential refund rights of companies that have paid these tariffs, anticipating they might be declared unlawful in the future. This initiative is part of a broader trend in litigation finance, where investors profit from potential legal settlements. Despite Lutnick’s vocal support for tariffs, the firm offers clients up to 30% of what they paid in duties, with plans to expand this trading capacity. The initiative raises questions about the firm’s stance, given Lutnick’s ties to the Trump administration.