CEOs Seek Tariff Refunds as Earnings Are Affected
Companies like Philips and Pandora have announced their intent to apply for tariff refunds following a Supreme Court ruling that deemed President Trump's tariffs illegal. The refund process could cost the U.S. up to $175 billion and impact over 53 million import entries. The first refunds are expected by May 11.
Tickers: $PHG
Topics: earnings global trade reimbursement tariffs U.S. policy