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Nike sued by customers seeking refunds for tariff-related price hikes

Market News
10 May 2026
PYMNTS
View Source
Bearish
pluang ai news

Nike faces a class action lawsuit from customers demanding refunds for tariff-related costs passed on through higher prices during the Trump administration's tariffs. Plaintiffs argue Nike should not keep the tariff refunds it expects to receive after a Supreme Court ruling declared the tariffs illegal. Nike reportedly paid about $1 billion in tariffs and raised prices on shoes and apparel accordingly. The case highlights ongoing disputes over tariff impacts on consumers and companies, with similar lawsuits targeting other major firms.

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