PG Recovers $100 Million in Tariffs
Procter and Gamble recouped one hundred million dollars in tariffs following a Supreme Court ruling against emergency powers. The consumer goods giant received half the total amount paid before its fiscal year ended in June.
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PROCTER & GAMBLE CO recovered $100M in tariffs paid under the United States administration, per its annual report released late last month. The refund follows a Supreme Court ruling invalidating emergency presidential powers used to levy the import taxes. The consumer goods giant initially estimated trade wars would cost up to $1.5B annually before scaling projections down to $500M.
