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US Companies Get Creative As Tariff Refunds Start Flowing In

US companies getting refunds after the Supreme Court struck down President Donald Trump's import tariffs are using the temporary windfall in a range of creative ways.  The refunds are being used to cover rising costs, supplement employee retirement accounts and repay debt. Some are sharing the bounty with vendors. And a number of consumer companies are beefing up their assortment of lower-priced products and offering deals to attract budget-conscious shoppers pinched by the rising cost of living. Companies in the Russell 3000 Index mentioned tariff refunds almost 1,000 times in earnings calls and filings in July, August and September, according to a Bloomberg News analysis, almost four times more than in the previous earnings season. Consumer discretionary and staples companies accounted for more than a third of the references, disclosing the receipt of close to $9.8 billon in refunds during that period. Roughly $166 billion was paid in tariffs under the International Emergenc...
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Twinkle Khanna's Cute Homemade 'Emoji' Dish For Kids Will Make You Smile

Twinkle Khanna shared an innovative dish that she had made for her children, and she wrote about her own Sunday state of mind in the post!

from NDTV News - Special https://ift.tt/2BDPMCs
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