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Prof G Markets

Billions in Tariff Refunds — Who Gets the Money?

Prof G Markets

Prof G Media & Vox Media

Entrepreneurship, Investing, Business

4.31.4K Ratings

🗓️ 24 February 2026

⏱️ 34 minutes

🧾️ Download transcript

Summary

Ed Elson breaks down Trump's new tariffs and unpacks where the refunds stand following the Supreme Court’s decision last week with Peter Harrell and Ryan Petersen. Then he shares his thoughts on what the legacy of the tariffs will be.  Peter Harrell is a Visiting Scholar at the Institute of International Economic Law at Georgetown Law School. Ryan Petersen is the CEO of supply chain management company Flexport.  Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on InstagramSend us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Support for the show comes from VCX, the public ticker for private tech.

0:04.7

The U.S. stock market started history's greatest wave of wealth creation.

0:08.0

From factory workers in Detroit to farmers in Omaha, anyone could own a piece of the great American companies.

0:13.7

But today, our most innovative companies are staying private longer, which means everyday Americans are missing out, until now.

0:20.3

Introducing VCX, a public ticker for private tech.

0:23.9

Visit getvcx.com for more info.

0:26.5

That's getvcx.com.

0:29.0

Carefully consider the investment materials before investing,

0:31.2

including objectives, risk, charges, and expenses.

0:33.8

This and other information can be found in the funds perspective at getvcx.com.

0:38.3

This is a paid sponsorship.

0:42.3

Today's number, 4,208.

0:47.1

That's how many miles FBI director Cash Patel traveled to watch the hockey final

0:52.5

at the Winter Olympics last week.

0:55.1

Mr. Patel drew criticism after he was seen chugging beers in the locker room,

0:59.9

but to be fair to him, the best thing after a long week of protecting pedophiles is an ice-cold beer.

1:09.1

Money markets bad.

1:10.6

If money is evil, then that building is hell.

1:17.3

Welcome to Profite Markets. I'm Ed Elson. It is February 24th. Let's check in on yesterday's

1:25.2

market vitals. The major indices fell after tariff uncertainty resurfaced, renewed AI jitters, also rattled investors.

1:34.4

Software companies were hit especially hard, after a viral post from Citrini research,

1:39.9

reignited concerns about AI's impact on the economy.

...

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