WAVE OF US TARIFF REFUNDS FLOWS BACK TO CHINESE FIRMS, BUOYING PROFITS BY MILLIONS
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| Source | Latest linked headline | Age |
|---|---|---|
| News - South China Morning Post | WAVE OF US TARIFF REFUNDS FLOWS BACK TO CHINESE FIRMS, BUOYING PROFITS BY MILLIONS | 2 hrs ago |
WHAT HAPPENED
The wave of US tariff refunds is reaching Chinese companies. More than US$38 million in tariff rebates, plus accrued interest, from US Customs and Border Protection (CBP) has landed in the bank accounts of five listed Chinese firms since last month, providing a windfall that is…
News - South China Morning Post reports that the wave of US tariff refunds is reaching Chinese companies.
The report adds: More than US$38 million in tariff rebates, plus accrued interest, from US Customs and Border Protection (CBP) has landed in the bank accounts of five listed Chinese firms since last month, providing a windfall that is…
The five listed firms primarily operate in the automotive and healthcare sectors.
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