US Corporations Adapt to Tariff Refunds while Washington Hits Asian Solar Exporters with Harsh Duties 

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Following the Supreme Court’s invalidation of President Donald Trump’s import tariffs under IEEPA, American corporations are creatively deploying billions in tariff refunds to navigate rising living costs. Disclosures reveal that consumer companies received nearly $9.8 billion in refunds, with giants like Williams-Sonoma allocating $10 million to employee 401(k)s and Xerox, Funko, and Academy Sports capitalizing on a secondary market to sell claims for immediate cash flow to pay down debt or offer consumer discounts. However, this corporate relief arrives alongside fresh trade tensions, as the US Commerce Department finalized steep anti-dumping duties of up to 123.04% and countervailing duties of 126.09% on solar cells and panels imported from India, Indonesia, and Laos. Targeted Indian entities include Mundra Solar and Premier Energies, with Washington citing unfair government subsidies that harm American manufacturers. These aggressive punitive duties come amid broader bilateral trade negotiations and growing US scrutiny regarding Indian imports of Russian energy and trans-shipment networks.

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