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Nike Sued Over Alleged Tariff Overcharges
9 May
Summary
- Consumers claim Nike profited from tariff refunds
- Nike allegedly kept price hikes after tariffs fell
- Lawsuit seeks refunds for consumers overpaid on items
Nike is being sued by consumers who accuse the company of not refunding costs associated with tariffs. The lawsuit, filed in federal court in Portland, Oregon, is a proposed class action. Consumers allege that Nike should not retain refunds it may receive after the U.S. Supreme Court's February ruling.
The Beaverton, Oregon-based company had stated it paid approximately $1 billion in tariffs. To offset these costs, Nike allegedly increased prices on some footwear by $5 to $10 and apparel by $2 to $10. The complaint states Nike has made no commitment to return these overcharges.
This situation is similar to lawsuits filed against other companies like Costco and EssilorLuxottica. Nike suggested that tariffs would cease to be a material headwind to gross margin by its fiscal quarter ending in August 2026.
