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Under Armour's profits are basically tariff refunds

Half of Under Armour's profit is coming from tariff refunds. Broader pattern: these refunds are propping up corporate earnings across the board. But here's the thing. The refunds aren't flowing to consumers. Prices haven't dropped. So where's the inflation tariffs supposedly cause? Seems like they just transfer money from shoppers to corporate bottom lines while companies pocket the difference and call it earnings growth.
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