Tariff Refund Trades Surge in Price Even as Key Questions Remain

After the US Supreme Court struck down a wide swath of President Donald Trump’s tariffs, Wall Street traders are growing more optimistic that importers or other affected companies will actually get some money back.

Claims tied to tariff refunds have jumped and are now trading higher than 40 cents on the dollar, according to people familiar with the transactions — up from a range of roughly 10 cents to 20 cents prior to the court’s Feb. 20 decision. Still, that’s well below par value, signaling uncertainty about whether the refunds will materialize and how long the process could take. ...