Article ID: 49591766dab7e64872e1b9f6861c7198e1929b1ac1d56a5a084ab86d076cb870
Source ID: secondary:businessinsurance.com
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URL: https://www.businessinsurance.com/nike-sued-by-consumers-for-not-refunding-tariff-costs/
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Nike sued by consumers for not refunding tariff costs - Business Insurance Skip to content Register for free Search Search Log In Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Risk Management Cyber Risks Pricing Trends Mergers & Acquisitions Technology Sponsored Content WSIA RISKWORLD Workers Comp & Safety Workers Comp Cost Control Pain Management Workplace Safety International EMEA Asia-Pacific Latin America People Events BI Intelligence Top 100 Agents & Brokers Best Places to Work 2025 Lists Directories Insurance Pricing BI Stock Index Magazine Current Issue Past Issues Subscribe Women to Watch ALL INsurance Resources Risk Perspectives Sponsored Content Webinars White Papers Nike sued by consumers for not refunding tariff costs Risk Management May 11, 2026 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 U.S. Supreme Court struck down, in February, sweeping tariffs that President Donald Trump imposed under the International Emergency Economic Powers Act. The Beaverton, Oregon-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. “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 Nike lawsuit was filed in the Portland, Oregon, 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. Related News IAT names COO, EVP for transportation May 11, 2026 Take me out to the courtroom May 11, 2026 Trucking company dithered over insurance policy as vehicle crashed May 11, 2026 County risk pool immune in deputy death benefits dispute: Texas court May 11, 2026 Swiss Re reserves $400M for Middle East conflict risks May 11, 2026 Taiwan chipmakers face energy supply risk May 11, 2026 Japanese insurers eye more overseas acquisitions May 11, 2026 Lloyd’s weighs publishing details from ex-CEO probe May 11, 2026 QBE posts 11% rise in Q1 premiums May 11, 2026 Facebook-f X-twitter Linkedin-in Business Insurance is a singular, authoritative news and information source for executives focused upon risk management, risk transfer and risk financing. Never miss important news: Become a Business Insurance Online subscriber today Subscribe Now Information About Us Contact Advertise Privacy Policy Terms & Conditions Copyright 2026. BUSINESS INSURANCE HOLDINGS Member, Beacon International Group, Ltd.
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