# Tariff Refunds Leave CFOs With Billions to Spend

https://mins.news/en/item/30031

- Bloomberg News, 2026-08-23 21:00 UTC
- Economy
- Original: https://www.bloomberg.com/news/newsletters/2026-08-23/tariff-refunds-leave-cfos-with-billions-to-spend-elf-wmt-low-hd-tgt-xrx?link_source=ta_bluesky_link&taid=6a8b5f69b8057d00014d4f6e

> Chief financial officers are using tariff refunds to cut prices, increase margins or reduce debt. JPX’s Hiroki Kawai also discusses the surge in Japanese retail trading.

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- [Tariff refunds were a windfall for US businesses, but not for American consumers](https://mins.news/en/item/29518) — CNN, 2026-08-22