Overview
- Consumers filed a proposed class action in Portland on Friday accusing Nike of failing to return tariff-related overcharges to people who paid higher prices.
- Plaintiffs say Nike lifted some footwear prices by $5 to $10 and some apparel by $2 to $10, and they argue the company risks a double recovery if it keeps federal refunds.
- Nike has said it paid about $1 billion in these duties, and in March it told investors tariffs would likely stop weighing on margins after its quarter ending August 2026.
- The lawsuit follows the Supreme Court’s February ruling that struck down Trump-era tariffs under the International Emergency Economic Powers Act, opening the door to refunds.
- Customs and Border Protection launched a CAPE portal in April to route refunds to importers of record, which has sparked more suits as shoppers and retailers fight over who should get the money.