Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says

The Trump administration has returned more than $100 billion to U.S. businesses and importers that paid his global tariffs, and the money is quickly heating up the economy.

The refunds are already boosting bottom lines, and 40 companies in the S&P 500 have recorded $9.6 billion, with Apple alone reporting nearly $2.2 billion, according to a Wall Street Journal tally. Other top recipients include Nike, FedEx, Amazon, and General Motors.

“Not only are tariff refunds boosting corporate earnings, they are also boosting GDP growth,” Apollo Chief Economist Torsten Slok said in a note on Saturday.

He estimated that the refund money will contribute about 0.2 percentage point to third-quarter GDP growth, which the Read Entire Article