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Story summary
- U.S. companies received billions in tariff refunds after the Supreme Court struck down the tariffs.
- Target recorded $994 million in refunds, lifting Q2 operating income to $2.6 billion.
- Walmart secured $2.9 billion in refunds, promising lower prices.
- FedEx and UPS plan to pass $800 million and $500 million refunds directly to customers.
- Michael Ettlinger said companies should do more than promise price cuts after illegal tariffs.
