Consumers sue Nike for not refunding tariff-related price hikes after US Supreme Court ruling

Nike faces a proposed class action lawsuit accusing it of not refunding consumers for tariff-related costs passed on through higher prices. The lawsuit claims Nike raised prices on footwear and apparel to offset about $1 billion in tariffs paid due to former President Trump's trade policies. After the US Supreme Court struck down these tariffs, consumers argue Nike should return the "significant" refunds it may receive, as it has not legally committed to refunding overcharges. Nike joins other companies like Costco and EssilorLuxottica facing similar lawsuits over tariff refunds.