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IEEPA

Nintendo
2026-09-11 04:10:45

Nintendo says tariff refunds helped fund a customer sale as U.S. consumer lawsuit continues

Nintendo of America said its upcoming Customer Appreciation Sale was made possible in part by tariff-related refunds, a disclosure that has drawn renewed criticism because the company is already fighting a U.S. consumer lawsuit over the same money. The sale runs from 9 p.m. PT on Sept. 12 to 8:59 p.m. PT on Sept. 26 and includes dozens of Switch digital games and bundles at 30% off, along with discounts on some physical games, DLC, accessories, amiibo and apparel across Nintendo eShop, Nintendo’s official store and select retail partners. The company had previously disclosed in its Aug. 6 FY27 first-quarter results that it recognized about $300 million in refunds tied to tariffs imposed under the International Emergency Economic Powers Act, or IEEPA, and booked the amount as a reduction in cost of sales. Nintendo said those tariffs were borne mainly by the company rather than passed on through consumer pricing. The filing helped lift quarterly operating profit to JPY 142.5 billion, up 150.5% year over year, while gross margin rose by 22 percentage points. That position now sits alongside a class action filed in April 2026, Hoffert et al v. Nintendo, in which consumers argue the company raised prices citing tariffs and then benefited again when the government returned the money. Nintendo moved to dismiss the case in July, saying buyers received exactly what they paid for and that completed transactions do not reopen simply because tariff law later changed.

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Nintendo says tariff refunds helped fund a customer sale as U.S. consumer lawsuit continues
US tariffs
2026-08-06 01:58:51

US Has Refunded About $100 Billion in IEEPA Tariffs After Supreme Court Ruling

The US government has already returned about $100 billion in tariffs collected under the International Emergency Economic Powers Act, according to a UPI report and court filings from US Customs and Border Protection. That figure accounts for roughly 60% of the estimated $166 billion in "Liberation Day" tariffs imposed by the Trump administration in 2025. CBP said more than 330,000 importers paid the duties, covering over 53 million customs entries. Refunds are being processed through the CAPE system, and the agency has received more than 250,000 refund claims so far. It added that the total value of potential and approved refunds still in processing stands at about $129 billion. The refunds stem from a 6-3 Supreme Court ruling in February, which found that IEEPA allows the executive branch to regulate trade during emergencies but does not give it the power to levy tariffs. The court said taxing authority under Article I of the US Constitution belongs to Congress. The Trump administration’s 10% tariffs on most countries exporting to the US, announced in April 2025, were based on IEEPA. After losing the case, the administration moved to impose new tariffs on global goods under different legal authorities.

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US Has Refunded About $100 Billion in IEEPA Tariffs After Supreme Court Ruling