CNBC just noted that half of Under Armour's profit is coming from tariff refunds, and that broadly the refunds are propping up corporate profits.
— Matt Stoller (@matthewstoller) August 7, 2026
Weird those refunds aren't going to consumers. Also weird prices aren't coming down. Almost as if tariffs don't drive inflation.
We predicted this as the leaders in Canada consistently beyond idiot stupid
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