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 Donald Trump tucks his Commerce Secretary Howard Lutnick into bed with a phone call most nights, according to a new profile in The New Yorker. The two men often speak around 1 a.m. “just after Lutnick gets in bed,” according to the piece published Monday.

The United States appears firm on its slated tariff increase on the EU following comments made by U.S. Commerce Secretary Howard Lutnick over the weekend.

Commerce Secretary Howard Lutnick told "Face the Nation with Margaret Brennan" that Americans are "going to love the deals that President Trump and I are doing." As the Aug. 1 tariff deadline approaches,

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.

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

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.

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

U.S. Commerce Secretary Howard Lutnick is dismissing the question of whether U.S. free trade with Canada is dead, calling the notion "silly" and saying a substantial amount of Canadian goods enter the U.