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Trump Crony's Family Is Making A Fortune Off Tariffs

2025-09-03 News & Politics
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Description

Sam Seder and Emma Vigeland break down the Trump administration's tariff policy, which is a regressive tax on American consumers. They expose a potential conflict of interest involving Commerce Secretary Howard Lutnick and his family's company, which has been profiting from a financial product that bets on these same tariffs being deemed illegal. Watch the Majority Report live Monday–Friday at 12pm EST on YouTube OR via daily podcast at http://www.Majority.fm Send us IM messages during the live-stream with our free Majority Report App: http://majority.fm/app Subscribe to MR's daily AM Quickie newsletter: https://am-quickie.ghost.io Find all your MR merch at our store: https://shop.majorityreportradio.com Become a Majority Report member: https://fans.fm/majority/join More from the MR crew: Matt Binder DOOMED https://www.youtube.com/MattBinder Brandon Sutton DISCOURSE https://www.youtube.com/@Th3Discourse Emma Vigeland ESVN https://www.youtube.com/ESVNShow Matt Lech LEFT RECKONING https://www.youtube.com/LeftReckoning Our alt YouTube: https://www.youtube.com/majorityreportlive

Top Comments (10)

@Teemie123 2025-09-03

The impunity with which the corruption is happening is astonishing

259 19 replies
@radioactive_shrimpp 2025-09-03

I work in clothing manufacturing & tariffs have caused insanity in my industry with lay offs the past few months & buyers not buying as much. Listened to this live at work today & my stomach turned inside out shocked at the levels of corruption & the thought that some nepo baby billionaires found some sick scheme to make even more money off of this. Psychotic.

132 9 replies
@canucklehead11 2025-09-03

There's a reason other presidents haven't gone with the blanket tariff idea. It's really dumb.

118 7 replies
@ayushsunilshukla 2025-09-03

Hey USA, Dont ever call anyone corrupt again!!

42 5 replies
@drewe51 2025-09-03

it's also a way to do massive insider trading. Trump was never very successful in real business, so a lot of his wealth and therefore self worth is tied to being openly corrupt.

31
@jnewman1718 2025-09-03

The US Secretary of commerce (whatever his title is) asks: "If tariffs hurt the American consumers, why do you think the OTHER countries are complaining?". Really? You don't know the answer? And you're supposed to be the expert in business? What a joke!

23 1 replies
@jeffreyabell 2025-09-03

Corruption to the maximum 😢

15
@TheSashapooch 2025-09-03

'Betting on the economy failing.... ' 2008 all over again and the grifters are hovering like vultures.

12
@gumbyscores3474 2025-09-04

They have to pay it all back. They are illegal. All of it.

10
@BladeWinters 2025-09-03

Institutions that took decades to build and establish, ruined over the weekend.

10

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