Wave of US tariff refunds flows back to Chinese firms, buoying profits by millions
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 expected to bolster their earnings. The five listed firms primarily operate in the automotive and healthcare sectors.…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
