Tariffs & Duties #target#tariff refunds
Target gets $1bn boost from Trump tariff refunds after Supreme Court ruling
Target received almost $1bn (£733.9m) in tariff refunds from the US government, boosting its Q2 operating income to $2.6bn. The payment followed a Supreme Court ruling that declared a wave of President Donald Trump's tariffs unlawful. The retailer is using the money to invest in price while reducing its reliance on China.
Aug 19, 2026 1 source