CEOs Want Tariff Refunds As Earnings Take a Hit
Companies including Philips and Pandora say they plan to seek tariff reimbursements after the Supreme Court ruled Trump’s sweeping duties illegal, with the U.S. potentially facing up to $175 billion in refunds. Many firms say tariffs hurt earnings, but CFO survey results suggest companies applying for refunds are unlikely to pass savings back to consumers through lower prices. CN … ⌘ Read more