Wall Street Traders Are Pouncing on the Tariff Refund Chaos [WSJ]Investment firms—anticipating that the court wouldn’t side in Trump’s favor—had already been buying up rights to tariff refunds from businesses in recent months. Prices were around 20 cents on the dollar before the ruling, then jumped to about 40 cents afterward, according to brokers involved in the trades.“The question is, do you sell at 40% or 45% now, or a little more if the market changes, or do you hold out for the 100% down t...
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