US just kicked off one of the biggest refund waves ever
up to 166 billion dollars is coming back into the system
This is tied to old tariffs that are now invalid
and thousands of companies are lining up to claim
Over 330 thousand importers were affected
covering more than 50 million shipments
Right now a big chunk is already in process
tens of billions are queued for payout
Timeline is clear
first flows expected around mid June to mid July
But here is the catch
Only businesses that directly paid those tariffs can claim
most consumers who carried the cost will not see that money
This is not just a refund story
this is liquidity returning quietly
And when this kind of money starts moving
markets usually feel it sooner or later.