Major companies are receiving billions in tariff refunds after a Supreme Court ruling. Apple, Amazon, and Nike are among the largest beneficiaries of these repayments. Consumers who paid higher prices due to tariffs are unlikely to receive any money back. Some companies like Amazon and Costco plan to offer lower prices or limited refunds. Other firms will use the refunds for investments or to offset rising operational costs.

Apple got an estimated $2.2 billion tariff refund last quarter. Amazon got $600 million. Nike got $300 million. But American consumers who paid higher prices as President Donald…

The Trump administration has reimbursed 60% of the $165bn in tariffs deemed illegal by the US supreme court, returning $100bn to affected companies.