Tariff refunds boost quarterly earnings for some of biggest US companies

The Hill

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Tariff refunds are showing up on Wall Street. The latest quarter spanned the Trump administration handing back the bulk of the $100 billion returned so far. It’s providing many companies a boost as they report their earnings. Amazon reported receiving $600 million. Apple said tariff refunds added $0.11 in diluted earnings per share for the quarter. PepsiCo told investors…