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Target gains $1bn from Trump tariffs
Target received nearly $1 billion in tariff refunds from the US government, which contributed to a doubling of its second-quarter operating income. The refunds stem from court rulings declaring previous President Trump's import tariffs unlawful, though some tariffs remain imposed through different legal measures. The company plans to use the refunds to invest in pricing and continues efforts to reduce reliance on Chinese sourcing amid ongoing trade policy adjustments.
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