Wall Street traders pouncing on tariff refund chaos

Wall Street Journal: Some businesses don’t want to deal with the mess, and are opting to sell the rights to any refunds they might be due.

Investment firms—anticipating that the court wouldn’t side in Trump’s favor—had already been buying up rights to tariff refunds from businesses in recent months. Prices were around 20 cents on the dollar before the ruling, then jumped to about 40 cents afterward, according to brokers involved in the trades…