Target rides tariff rebates to stronger profits amid trade turmoil
Target disclosed about $994 million in pre-tax tariff refunds, boosting its second-quarter operating income to $2.6 billion from $1.3 billion a year earlier; the refunds follow a Supreme Court ruling that Trump-era tariffs were unlawful, while tariffs policy remains unsettled as Trump delays Canada duties during talks. The retailer is pursuing a price-competitive turnaround and aims to reduce reliance on China sourcing.