Tariff refunds are juicing corporate profits and GDP, as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says | Fortune

Tariff refunds are juicing corporate profits and GDP, as more tailwinds converge to propel growth to a…

Tariff refunds ($100B+) boosted S&P 500 earnings ($9.6B across 40 firms, Apple $2.2B), adding 0.2pp to Q3 GDP growth at 4.3%. Combined with AI spending and tax cuts, growth momentum exceeds forecasts, keeping rates higher—pressuring M&A valuations while boosting corporate investment capacity.