Target receives $994m tariff refund, boosting Q2 operating income to $2.6bn

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US retail giant Target has received a $994 million pre-tax reimbursement in tariff refunds. The windfall contributed directly to the company's second quarter financial results. As a result, Target's operating income for the quarter climbed to $2.6 billion. The tariff refund represents a near $1 billion boost to the retailer's bottom line.

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