Two gamers have filed a class action lawsuit against Nintendo, alleging that the company will be unjustly enriching itself with any refund it secures from the U.S. government over widespread tariffs last year that, among other things, hiked the prices of Nintendo hardware and accessories.
“Unless restrained by this Court, Nintendo stands to recover the same tariff payments twice—once from consumers through higher prices and again from the federal government through tariff refunds, including interest paid by the government on those funds,” the suit states.
We won’t see a cent of the money stolen from us by Donald Trump and his gang of pedophiles.
My company lost hundreds of thousands of dollars in tarrifs. We passed those on to the customer since we couldn’t take a 50% hike on costs.
We have no way to refund money we don’t have.
How did your company lose hundreds of thousands if they passed them onto the customer? If you made the customer pay, your company has the money and can pass on the money you get from the government to your consumers
We’ve sold maybe a 10th of what we sold pre-tariffs. W have probably lost closer to million in sales due to the tariffs. Customer’s aren’t buying parts for preventative maintenance, they only purchase when it’s an emergency and they are losing tens of thousands of dollars an hour in production. US manufacturing is in trouble.
So the years you have good sales did you ever pass the extra earnings on to the customer?
Edit: ****crickets ****
€hareholders,baby!
Okay? Not sure why your sales numbers make any difference. Of what your company did sell, you raised the price to cover the tariffs. You did not pay them, your customers did, so if a refund for those tariffs falls into your hands, you should pass it on to the customers that paid them. Having a shitty year sales wise doesn’t magically make that refund yours.
The whole point is that the economies of scale don’t work to pay your staff and fixed costs at lower numbers. The damage is nonreversible, like economy studies show when you have uncertainty on the market.
Depends on what they’re selling. If it’s not a necessity and more of a luxury then people will buy a lot less when prices rise a lot. They’re losing it because people are buying less of their products, not because the company is paying the tariff.
Honestly, everyone needs to just cut the loss and move on. At least on the monetary front. Trump should see repercussions for enacting an illegal tax.
Like getting Al Capone on tax evasion, I’ll take it.