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Target receives $1bn boost from Trump tariff refunds (www.bbc.com)
submitted 2 months ago by to c/conservative@sh.itjust.works
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Target has revealed it has received almost $1bn (£733.9m) in tariff refunds from the US government which boosted the retailer's latest profits.

The American chain said it received a $994 million pre-tax reimbursement, which resulted in its second quarter operating income doubling to $2.6bn from $1.3bn last year.

When asked how Target would use tariff refunds, chief financial officer Jim Lee did not provide details but added: "We have and will continue to invest in price."

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[–] [S] 97 points 2 months ago* (7 children)

100 to 1 odds that despite what Target is claiming, it will in no way be used to "invest in price" and reduce prices to their customers. Trump's Tariffs ended up being an enormous transfer of wealth from the American public to corporations. It's GOP heaven.

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    • [–] 21 points 2 months ago

    I can't wait to spend my tarrif refund! I'm sure it's coming any day!

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    [–] 35 points 2 months ago (1 child)

    All the more reason to never go there. I used to love it there too.

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    • [–] 11 points 2 months ago

    I'd be fine with citizens committing arson on Target locations.

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    [–] 5 points 2 months ago*

    boosted the retailer’s latest profits.

    PROFITS

    PROFITS
    Profits

    profits

    ^profits^

    Ouch my financial trauma

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