Get App
Download App Scanner
Scan to Download
Advertisement

Nintendo Files Lawsuit Seeking Refunds On Trump's Tariffs

Nintendo said the tariffs paid were "unlawfully collected" and asked that there is a "prompt refund" to the company, according to the filing dated March 6.

Nintendo Files Lawsuit Seeking Refunds On Trump's Tariffs
Source: Bloomberg

Nintendo Co. filed a lawsuit in the US Court of International Trade on Friday, seeking a refund for duties it paid to the US government as a result of President Donald Trump's Tariffs. 

Nintendo said the tariffs paid were “unlawfully collected” and asked that there is a “prompt refund” to the company, according to the filing dated March 6. 

Thousands of US companies are already seeking refunds for about $170 billion paid under the earlier tariffs that were overturned, which Trump issued under the International Emergency Economic Powers Act, or IEEPA. On Feb. 20, the Supreme Court ruled 6-3 that the president issued those tariffs illegally.

ALSO READ: Better Than Railways, Hotels, Realty? BofA's Amish Shah Bets On THESE Sectors Amid Volatility

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source
Listen to the latest songs, only on JioSaavn.com