Tariff refunds worth US$100b are set to flow back to US importers and retailers after a Supreme Court ruling wiped out a key set of Trump era emergency tariffs. That kind of cash reshuffle can change how certain stocks behave and how investors think about them. This article walks through three stocks exposed to the news and explains why their next moves could matter for your portfolio.

The stocks covered below are just a starting sample, and the full screen surfaced 11 more US importers and retailers with equally compelling stories that are not included in this article. If you want to go straight to the source, head to the US Importers and Retailers screener to analyze, compare, and identify the highest conviction ideas for your watchlist.

Sea (SE)

Overview: Sea Limited is a Singapore based technology company that runs the Shopee e commerce marketplace, the Garena gaming platform, and Monee digital financial services, connecting consumers and merchants across Southeast Asia, Latin America, and other international markets.

Operations: Sea generates most of its revenue from e commerce, with Shopee contributing about US$18.2b, alongside US$4.2b from Monee digital financial services, US$2.6b from Garena digital entertainment, and US$185 million from other services.

Market Cap: US$69.5b

Sea stands out in this screener because the Shopee marketplace and Monee digital finance arm are tightly linked to global trade flows, so any tariff refunds could support cash flow. The business now spans e commerce, gaming and fintech, which gives multiple ways to use any refund capital, from funding logistics and AI tools to absorbing higher credit provisions in digital lending. At the same time, the stock trades on a relatively high P/E and faces intense competition and regulatory scrutiny, so execution around Q2 2026 results and how management balances growth investments with profitability will be a key area of focus for investors watching Sea.

Sea’s combination of tariff refund potential, e commerce reach and fintech optionality could be masking a very different risk reward profile than the headline P/E suggests. Get the DCF valuation analysis for Sea to see what the cash flows are really pointing to

Build your own Sea style refund and trade flow screener

Sea and the two other stocks in this article all came from a single Simply Wall St screener, but the real edge is in setting filters that match how you think about opportunities. Use our flexible Screener to mix metrics like valuation, growth, balance sheet strength and risks, or tap into our curated Investing Ideas for ready made shortlists built around clear themes.

Warby Parker (WRBY)

Overview: Warby Parker is a US based eyewear retailer that sells prescription glasses, sunglasses, contact lenses and accessories through its stores, website and apps, while also offering eye exams and vision tests that keep customers inside its ecosystem.

Market Cap: US$3.3b

Warby Parker gives you exposure to a consumer brand that sits at the intersection of retail, healthcare and emerging AI wearables, just as $100b of tariff refunds are set to hand import heavy retailers extra cash. The company is shifting from being known mainly for glasses to being a full vision care provider, with eye exam revenue growing about 30% year over year and Intelligent Eyewear launches with Google and Samsung slated to test higher margin, tech driven products. At the same time, the stock trades on rich expectations, insiders have been selling and heavy store and AI investment could pressure margins if customer growth or adoption slows, which makes how management uses any tariff refund worth watching closely for long term investors.

Warby Parker sits where retail, healthcare and AI wearables are starting to blur, yet the market may not be pricing that shift. See how the analyst forecasts for Warby Parker square with margin pressure, insider selling and that tariff refund twist.

ATRenew (RERE)

Overview: ATRenew is a Shanghai based recommerce company that buys, refurbishes, and sells pre owned consumer electronics through its own online platforms and other channels in China, while also helping third party merchants list and sell devices to buyers.

Operations: ATRenew generates all of its revenue, about CN¥22.6b, from retailing pre owned electronics.

Market Cap: US$1.0b

ATRenew provides exposure to the growing reuse trend in electronics at a time when tariff refunds could directly strengthen its balance sheet and margins. The company is benefiting from policy support for recycling in China and is expanding into overseas markets with its new FoneSquare B2B marketplace and ReRe consumer brand. This includes a first store in Hong Kong that showcases AI based inspection tools and smart recycling kiosks. At the same time, thin margins, reliance on external borrowing and only partially independent board oversight leave less room for error if growth or subsidies slow. For investors who want value and earnings momentum tied to circular economy themes, the next few quarters could be important in showing how ATRenew uses any refund cash and sustains its progress.

ATRenew’s circular economy story could be obscuring how refund cash, overseas expansion and those thin margins really fit together. Read the analysis report for ATRenew to see what the market might be missing next.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.