Nike sued for not refunding tariff costs passed to consumers through higher prices

Nike faces a class action lawsuit accusing it of failing to refund tariff-related costs that were passed on to consumers via higher prices on footwear and apparel. The suit argues that Nike may receive tariff refunds from the government but has not committed to returning those overcharges to customers. This case follows a U.S. Supreme Court ruling that limited presidential authority to impose certain tariffs. The lawsuit adds to others against major companies over similar tariff refund issues and comes amid Nike's recent announcement of workforce layoffs.