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The Independent UK

Business

Brendan Rascius

Walmart reveals how it is going to use the nearly $3 billion it got in tariff refunds

Walmart United States John David Rainey

Walmart has revealed how it plans to deploy the nearly $3 billion in tariff refunds it received from the federal government.

During an earnings call, Chief Financial Officer John David Rainey said the company had collected “substantially all” of the $2.9 billion in refunds for which it was eligible.

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One subscription that gives you access to news from hundreds of sites

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