Meet the quiet winners of the Supreme Court tariff ruling: hedge funds creating a $100 billion market snapping up rights to importers’ tariff refunds

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其次,Like any speculative trade, the secondary tariff refund market was a result of traders deciding to take a gamble, in this case on the IEEPA tariffs being deemed illegal, necessitating the distribution of the tariff revenue. Importers approached hedge fund and other investment firm brokers, and in return for about a quarter, give or take, of the money they spent on tariffs, sold the rights to their refunds. If the refunds came, those investors would see the entirety of the returns.

多家研究机构的独立调查数据交叉验证显示,行业整体规模正以年均15%以上的速度稳步扩张。

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第三,Halpern said authentic empathy requires what she calls “empathic curiosity.” In human relationships, empathy often involves recognizing differences, navigating disagreement, and testing assumptions about reality.

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