Market Insight: Trump's tariff policy creates a curious special economic situation in the USA
The trade policy of the US President is supporting the US economy as promised. However, in a completely different way than Trump intended, Jakob Blume knows.
The US Supreme Court has ruled that the tariffs imposed by Donald Trump in April 2025 were unlawful, and the US government must repay the tariffs collected. As a result, the US government has started refunding tariffs, with over $50 billion in refunds issued in June, benefiting companies such as Fedex, Amazon, Nike, and Apple. The refunds have become a significant economic factor, with estimates suggesting that companies may receive an additional $90-100 billion in refunds.
Hedge funds that bought up companies' tariff refund claims at discounted prices are also profiting from the refunds.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Market Insight: AI Star Nvidia Loses Its Luster handelsblatt.com
