Story perspectives

Supreme Court Strikes Down Trump's Tariffs, Lutnick Family Wins

2/21/2026

Summary

Story summary

The Supreme Court ruled against President Donald Trump's tariff policy, potentially benefiting Commerce Secretary Howard Lutnick's family.
Cantor Fitzgerald reportedly bet millions against the tariffs while Howard Lutnick publicly supported them.
Documents indicate Cantor Fitzgerald bought rights to tariff refunds, anticipating tariffs would be overturned.
Critics described this as the 53rd instance of a Trump official profiting from government policy.

1 of 1

Story summary

The Supreme Court ruled against President Donald Trump's tariff policy, potentially benefiting Commerce Secretary Howard Lutnick's family.
Cantor Fitzgerald reportedly bet millions against the tariffs while Howard Lutnick publicly supported them.
Documents indicate Cantor Fitzgerald bought rights to tariff refunds, anticipating tariffs would be overturned.
Critics described this as the 53rd instance of a Trump official profiting from government policy.