Illinois companies are reporting an $857 million tariff windfall, but tariff and supply chain issues persist. Crain’s reporter John Pletz discusses with host Amy Guth.<br><br>Plus: Congress eyes boosting quantum funds as global race heats up, Portillo’s is cutting HQ staff by 18%, Pritzker presses Welch for quick action on sexual-harassment reforms and Fairlife breaks ground on $650 million expansion in Michigan.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Refunds won't end companies' tariff headaches

Crain's Daily Gist

Congress eyes boosting funding as the global race for quantum technology heats up. And Illinois companies have seen a substantial tariff windfall, but tariff and supply chain issues persist. I'll talk about it with Crain's reporter John Pletz. Motorola got, you know, a $60 million refund.

And that'll pretty much cover what we were expecting to be their increased tariff costs for the year. So in some cases, you know, it's kind of a wash and in other cases, it's not. I'm Amy Guth and this is Crain's Daily Gist for Tuesday, August 11th. Looking to expand your business?

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Illinois companies are reporting an $857 million tariff windfall. But that relief is not set to last. Here to talk about it, Crain's reporter John Pletz. John, welcome back to the podcast. Always a pleasure to have you here. Glad to be here. So tell me about what Illinois companies are seeing and what that looks like and why the relief won't last.

With earnings here in the second quarter, a bunch of companies started reporting that they got some very, very big refunds as a result of the Supreme Court invalidating some of the tariffs that went into effect a year ago. You know, they're in the tens and hundreds of millions of dollars. These are meaningful amounts.

Refunds won't end companies' tariff headaches

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Refunds won't end companies' tariff headaches

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.