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Tariff Refunds Contribute To Record-Setting Corporate Profit Boost
Corporate profits had one of the largest increases in dollar value on record in the second quarter, and tariff refunds were a major factor.Credit: ANGELA WEISS / AFP via Getty ImagesKey TakeawaysU.S. corporations earned record profits in the second quarter.Tariff refunds may be skewing economic data, making the U.S. corporate sector seem more profitable than it really is.Companies are also raising prices without raising wages for their workforces, further contributing to the profit boom.You may not have seen any money back after a large swath of tariffs were overturned, but corporate America…
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