Retailers Extract Billions From Invalidated Border Import Tariffs #
$1 billion. That is the precise sum Nike paid in executive tariffs that the Supreme Court subsequently invalidated. Now, the footwear giant is facing a class-action lawsuit for executing one of the most elegant administrative arbitrages in modern corporate history. According to a complaint detailed by Fox Business, consumers allege that Nike failed to refund the tariff-related costs it had already passed onto them through inflated retail prices. The plaintiffs state the mechanics perfectly: "Unless restrained by this court, Nike…