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Marcos Gabriel

Coverage of Marcos Gabriel in the Nexus archive.

Earliest in view: Jul 17 · 07:00 UTCMost recent: Jul 17 · 07:00 UTC

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BUSINESSJul 17 · 07:00 UTCFORTUNE
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.