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Tariff Refunds Rewriting Corporate Earnings | US News
Big financial windfall for U.S. companies as $100 billion in tariff refunds rolls in after the Supreme Court struck down emergency tariffs—Amazon got $600M, Apple saw $2.2B boost, and PepsiCo used it to offset ingredient costs. Surprisingly, smaller firms and Democrat-led states reaped the biggest rewards, despite Trump’s warning to those who didn’t chase refunds. The CAPE system, hailed as a success by the judge, still faces hurdles: billions remain unclaimed, and thousands of small importers struggle to access the portal. Meanwhile, some firms like FedEx are returning money to customers…
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