Nike accused of passing tariff costs to consumers without refunds
A class action suit claims that Nike increased its prices to compensate for $1 billion in tariffs, yet has not pledged to refund consumers. This legal action underscores the corporate pricing strategies employed amid trade conflicts.
Key facts
- Nike allegedly raised prices to offset $1 billion in tariffs
- Consumers claim Nike passed tariff costs onto shoppers
- Nike has made no commitment to return the money
- A class action lawsuit has been filed
- The case involves tariff-related pricing practices
- Nike is accused of unfair business practices
Entities
Institutions
- Nike
Sources
- Quartz —