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- Hacker News
- That means $1 BILLION just for one quarter just for one retailer was extracted from US consumers
Imagine with Walmart and Amazon on top of that
At what point does the US economy implode?
How can this be sustained with also a BILLION per day being extracted from the economy via the extra $1 per gallon in fuel costs?
Another question is where the heck is all this money going because it's sure not being paid in taxes back to pay the debt
by ck2 - No need to editorialize the headline. Original:
US retail giant receives $1bn boost from tariff refunds
The editorialized version is also incorrect: their income was $30 billion. The extra $1 billion doubles their profit, of $1.04 billion.
by jfengel