Hedge funds think they can make a killing on Trump tariff refunds
Donald Trump
LONDON — From Wall Street to Singapore, hedge funds are buying up the chance to claim lucrative but risky tariff refunds from Donald Trump's administration. Before the U.S. Supreme Court struck down the president's “Liberation Day” tariffs in February, U.S. importers paid $166 billion in extra duties at the border. They're now hoping to see that full amount refunded — but importers who need cash in hand are already selling the refunds they’re owed on to hedge funds at a discount. Firms are on
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