Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On
Hints & Clues For Monday, June 22 (Heebie-Jeebies)

Hints & Clues For Monday, June 22 (Heebie-Jeebies)

June 21, 2026
UFC Really Did Discuss Musk-Zuckerberg Fight At Colosseum, Dana White Says

UFC Really Did Discuss Musk-Zuckerberg Fight At Colosseum, Dana White Says

June 21, 2026
GM replaces more than 1,000 workers with 50 robots at flagship Detroit plant

GM replaces more than 1,000 workers with 50 robots at flagship Detroit plant

June 21, 2026
Leviatán Wins ‘Valorant’ Masters London After Epic Comeback

Leviatán Wins ‘Valorant’ Masters London After Epic Comeback

June 21, 2026
Reflecting Pool Repairs Will Begin ‘Immediately,’ Trump Says

Reflecting Pool Repairs Will Begin ‘Immediately,’ Trump Says

June 21, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » Nike sued by customers for not refunding tariff costs

Nike sued by customers for not refunding tariff costs

By News RoomMay 8, 2026No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Nike sued by customers for not refunding tariff costs
Share
Facebook Twitter LinkedIn Pinterest Email

Nike was sued on Friday by consumers who accused the athletic apparel and footwear maker of not refunding tariff-related costs it passed on in the form of higher prices.

In a proposed class action, consumers said Nike should not be allowed to keep “significant” refunds it can expect after the US Supreme Court in February struck down sweeping tariffs that President Trump imposed under the International Emergency Economic Powers Act.

The Beaverton, Ore.-based company has said it paid about $1 billion in tariffs on imported goods as a result of Trump’s actions. Consumers said Nike raised prices on some footwear by $5 to $10 and some apparel by $2 to $10 to offset the costs.

Tourists shopping in the newly opened Nike store in Soho, New York.
In a proposed class action, consumers said Nike should not be allowed to keep “significant” refunds it can expect after the US Supreme Court in February struck down President Trump’s sweeping tariffs.

“Nike has made no legally binding commitment to return tariff-related overcharges to the consumers who actually paid them,” the complaint said.

“Unless restrained by this court, Nike stands to recover the same tariff payments twice — once from consumers through higher prices and again from the federal government through tariff refunds.”

Nike did not immediately respond to requests for comment.

It joins a variety of companies including Costco and Ray-Ban sunglasses maker EssilorLuxottica that have been sued by consumers for allegedly failing to pass on tariff refunds to consumers.

The white Nike "swoosh" logo against a dark background with horizontal grooves.
The sneaker giant has said it paid about $1 billion in tariffs on imported goods as a result of Trump’s actions.

The Nike lawsuit was filed in the Portland, Ore.,, federal court.

In a March 31 conference call, Nike said its fiscal quarter ending in August 2026 would likely be the final quarter when tariffs are a material year-over-year headwind to gross margin.

Business lawsuits Nike retailers sneakers tariffs
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

GM replaces more than 1,000 workers with 50 robots at flagship Detroit plant

GM replaces more than 1,000 workers with 50 robots at flagship Detroit plant

June 21, 2026
K-Pop company DearU to open flagship store in Union Square

K-Pop company DearU to open flagship store in Union Square

June 21, 2026
Medallion Financial Corp. moving to 667 Madison Ave.

Medallion Financial Corp. moving to 667 Madison Ave.

June 21, 2026
Final design for NYC Penn Station’s redevelopment one step closer — including how much it could cost

Final design for NYC Penn Station’s redevelopment one step closer — including how much it could cost

June 21, 2026
Popular teething toy sold on Amazon recalled for dangerous choking hazard

Popular teething toy sold on Amazon recalled for dangerous choking hazard

June 21, 2026
Fed Chair Kevin Warsh’s sentiments on data over party shows he is no Trump loyalist

Fed Chair Kevin Warsh’s sentiments on data over party shows he is no Trump loyalist

June 20, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
UFC Really Did Discuss Musk-Zuckerberg Fight At Colosseum, Dana White Says

UFC Really Did Discuss Musk-Zuckerberg Fight At Colosseum, Dana White Says

News June 21, 2026

ToplineUFC CEO Dana White claimed he was actually working on the proposed cage fight between…

GM replaces more than 1,000 workers with 50 robots at flagship Detroit plant

GM replaces more than 1,000 workers with 50 robots at flagship Detroit plant

June 21, 2026
Leviatán Wins ‘Valorant’ Masters London After Epic Comeback

Leviatán Wins ‘Valorant’ Masters London After Epic Comeback

June 21, 2026
Reflecting Pool Repairs Will Begin ‘Immediately,’ Trump Says

Reflecting Pool Repairs Will Begin ‘Immediately,’ Trump Says

June 21, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks
K-Pop company DearU to open flagship store in Union Square

K-Pop company DearU to open flagship store in Union Square

June 21, 2026
Physical AI Moves into Sustainable Greenhouse Agriculture

Physical AI Moves into Sustainable Greenhouse Agriculture

June 21, 2026
Danhausen Was Fumbled By AEW, Then He Became WWE’s Most Bankable Star

Danhausen Was Fumbled By AEW, Then He Became WWE’s Most Bankable Star

June 21, 2026
Medallion Financial Corp. moving to 667 Madison Ave.

Medallion Financial Corp. moving to 667 Madison Ave.

June 21, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.