Close Menu
    Facebook X (Twitter) Instagram
    TRENDING :
    • Trump’s Renewed War, More ICE Killings, and Teaching American History
    • We’ve been blaming screens for anxious kids. A new study points to a completely different culprit
    • Your Biggest AI Cost Isn’t the Technology — It’s the Hidden Debt Quietly Draining Your Budget
    • AI is doing the work. Are your leaders still doing the thinking?
    • The Song The Capture 2032 – Viva La Vida
    • The great AI layoff is turning into the great AI rehire
    • Britain Wants To Control Your Algorithm
    • How One Instagram Question Led to a 13-Location Business
    Populist Bulletin
    • Home
    • US Politics
    • World Politics
    • Economy
    • Business
    • Headline News
    Populist Bulletin
    Home»Business»Nintendo wants its tariff money back
    Business 4 Mins Read

    Nintendo wants its tariff money back

    Business 4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Nintendo wants the money it paid in tariffs back—and it’s taking the U.S. government to court to get it.

    The Kyoto-based company has filed a motion with the U.S. Court of International Trade seeking to recover the money it paid for tariffs, plus interest. It’s the first major video game company to demand a refund from the government, but likely won’t be the last.

    Nintendo avoided raising the price of its Switch 2 console as the Trump administration enacted duties on imports. But it did increase prices for accessories, including Joy-Con controllers and the camera and dock set, last April. The company also initially delayed preorders because of confusion over the tariffs, which may have cost it additional revenue.

    “Plaintiff has suffered injury caused by the IEEPA Duties,” the filing reads. “If not remedied … [Nintendo] will suffer imminent and irreparable harm.”

    (Despite the language in the court filing, Nintendo is in no danger of collapse. In its most recent earnings report, the company said net sales had nearly doubled year over year to $12.3 billion, while profits rose 51% to $2.3 billion. In the first nine months of availability, Nintendo sold 17.37 million Switch 2 hardware units.)

    While Nintendo is the first gaming company to sue for the return of its tariffs, plenty of other businesses across different industries have filed similar actions. Costco, Revlon, GoPro, and Toyota, among others, are attempting to recover refunds and prevent future tariffs. Sony has not yet filed with the Court of International Trade, but that could change in the days and weeks to come. The company raised the base price of the PlayStation 5 by $50 in August, citing “challenging economic conditions” and tariffs.

    Tariffs are technically imposed on the companies that import certain goods, but those costs are generally passed on to consumers in the form of higher prices. Neither Nintendo, nor most of the other companies suing to recover the tariffs they have paid, has addressed whether they would reimburse consumers. That’s not the case at Cards Against Humanity, where that gaming company is vowing to offer refunds to anyone who “overpaid” for the game due to tariffs. (FedEX also says it will refund customers.)

    The U.S. Supreme Court struck down the Trump administration’s tariffs in February, ruling that the sweeping “reciprocal” tariffs Trump levied on nearly every other country were illegal. Trump quickly announced plans to impose a global 10% tariff as an alternative. He later increased that figure to 15%. (The section of the Trade Act he cited as granting that authority allows tariffs to remain in place for only 150 days.)

    The Supreme Court ruling did not address the issue of refunds, but last week, a federal judge in New York ruled that companies who paid the tariffs struck down by the Supreme Court were entitled to refunds. Judge Richard Eaton of the U.S. Court of International Trade said he alone would hear cases tied to IEEPA tariffs.

    The government is widely expected to appeal Eaton’s ruling, which would delay the issuance of any refunds.

    In the meantime, U.S. Customs and Border Protection (CBP), which would be responsible for issuing the refunds is dragging its feet. It told Judge Eaton on Friday that it could not comply with the order to refund the reciprocal tariffs.

    In a court filing, the agency said its existing technology, processes, and staffing levels were insufficient to comply with the order at the moment. It said it expected to be able to follow the ruling in late April after updating its technology.

    As of the last update, made on Dec. 14, 2025, CBP reported that it had collected approximately $133.5 billion in tariffs under the IEEPA authority. Refunding those, however, could cost $175 billion, according to the Penn Wharton Budget Model. 



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    We’ve been blaming screens for anxious kids. A new study points to a completely different culprit

    July 15, 2026

    Your Biggest AI Cost Isn’t the Technology — It’s the Hidden Debt Quietly Draining Your Budget

    July 15, 2026

    AI is doing the work. Are your leaders still doing the thinking?

    July 15, 2026
    Top News
    Business 11 Mins Read

    Top 7 Accounting Programs for Small Businesses

    Business 11 Mins Read

    When managing your small business finances, choosing the right accounting program can greatly influence your…

    How ‘Shift Work Sleep Disorder’ is hurting workers—and costing employers

    May 25, 2026

    LinkedIn is expanding its AI-powered job search features 

    January 8, 2026

    Attention business leaders: It’s up to us to invest in our local communities

    July 10, 2026
    Top Trending
    US Politics 1 Min Read

    Trump’s Renewed War, More ICE Killings, and Teaching American History

    US Politics 1 Min Read

    Ad Policy Protesters attend a vigil for a man that was killed…

    Business 6 Mins Read

    We’ve been blaming screens for anxious kids. A new study points to a completely different culprit

    Business 6 Mins Read

    As a kid, I was a perfectionist who had meltdowns if I colored even…

    Business 7 Mins Read

    Your Biggest AI Cost Isn’t the Technology — It’s the Hidden Debt Quietly Draining Your Budget

    Business 7 Mins Read

    Opinions expressed by Entrepreneur contributors are their own. Key Takeaways AI technical…

    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    About us

    The Populist Bulletin was founded with a fervent commitment to inform, inspire, empower and spark meaningful conversations about the economy, business, politics, government accountability, globalization, and the preservation of American cultural heritage.

    We are devoted to delivering straightforward, unfiltered, compelling, relatable stories that resonate with the majority of the American public, while boldly challenging false mainstream narratives that seem to only serve entrenched elitists, and foreign interests.

    Top Picks

    Trump’s Renewed War, More ICE Killings, and Teaching American History

    July 15, 2026

    We’ve been blaming screens for anxious kids. A new study points to a completely different culprit

    July 15, 2026

    Your Biggest AI Cost Isn’t the Technology — It’s the Hidden Debt Quietly Draining Your Budget

    July 15, 2026
    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    Copyright © 2025 Populist Bulletin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.