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Wall Street Breakfast

Tariff refund rush begins

Wall Street Breakfast

Seeking Alpha

News, Business, Business News, Investing

4.11K Ratings

🗓️ 20 April 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Tariff refund tool will launch on April 20, US Customs says. (00:13) Walmart (WMT) tests store back rooms to speed marketplace deliveries: FT.  (01:01) Google (GOOG) (GOOGL) is said to explore new AI chip partnership with Marvell (MRVL). (01:54) 

Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:07.6

It's good to be with you on this Monday, April 20th. I'm Julie Morgan.

0:13.6

Importers seeking tariff refunds will be able to submit requests starting today.

0:18.2

The electronic application process comes two months after the Supreme Court ruled that

0:23.8

President Trump exceeded his authority in using the International Emergency Economic Powers Act

0:29.6

to impose sweeping tariffs on goods from almost every trading partner.

0:34.3

The initial phase of refunds is expected to cover roughly 127 billion of the 166 billion

0:41.5

dollars in tariffs collected. U.S. Customs and Border Protection has been managing the process,

0:47.7

which includes interest payments. The portal opens at 8 a.m. today. We're taking a deeper

0:53.4

dive into this topic in the Wall Street

0:55.5

Breakfast newsletter. A link to register for the newsletter is in the show notes section.

1:01.4

Walmart is testing a new strategy in its competition with Amazon. The Financial Times reported

1:07.1

on Sunday that the company is using storage space in the back rooms of stores to speed

1:12.6

up delivery of products sold by third-party marketplace sellers. Walmart's online marketplace

1:18.8

offers roughly 500 million items from outside merchants. Traditionally, these sellers store

1:25.0

inventory at their own facilities or Walmart warehouses.

1:29.7

Orders ship from Walmart sites usually arrive within one or two days,

1:33.9

while direct shipments from sellers can take longer.

1:37.3

Now Walmart is experimenting with holding select marketplace products inside stores,

1:43.1

allowing same-day delivery in some cases. The pilot is

1:47.0

underway in several Dallas area stores, a market Walmart has often used to test new ideas.

1:54.6

Alphabets Google is in discussions with Marvell technology to develop two new chips designed to

...

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