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.

President Trump has threatened to slap a 30% tariff rate against the EU and a flurry of customized tariff rates on other countries that fail to cut a new deal with him.

Cantor Fitzgerald, a company led by the sons of Howard Lutnick, has offered to buy the rights in potential refunds from companies that have paid Trump’s tariffs.

Commerce Secretary Howard Lutnick reminded us of an important but little-discussed part of trade negotiations with Canada and Mexico -- "virtually 75%" of trade between the U.S. and its two neighbors is "already tariff free" because of the USMCA agreement.

Commerce Secretary Howard Lutnick said on Sunday that the public is “going to love the deals that President Trump and I are doing” as the administration promises forthcoming breakthroughs on tariffs.

President Donald Trump "absolutely" plans to renegotiate the USMCA when the pact comes under review next year, Commerce Secretary Howard Lutnick said.

The commerce secretary said President Donald Trump's sweeping new tariffs would drive as much as 1.5 percent gross domestic product growth.