U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

U.S. companies have received $71 billion in tariff refunds following a Supreme Court ruling, but are using the funds to offset inflation caused by the Iran war and other economic pressures. Companies like PepsiCo and McCormick & Company report using refunds to counterbalance higher commodity and shipping costs linked to geopolitical tensions and energy price fluctuations.