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.
Uh…those are the same funds? They didn’t just pocket the tariff fees, they had to pay them in order to get a refund.
They had to pay the tariffs, yes. But they took that money from the customers. So they ended up even.
Now they are getting a refund. Which leaves them at a win for the amount of said tariffs.
Now Nintendo is +1 tariff and customers -1 tariff.
Yes, exactly. Nintendo is +1, not +2
Right, they went from -1 to +1 by recovering the tariff cost twice. (-1 plus 2 is +1)
I’m going to say you’re technically correct because the wording is “recovered” and not “profited”. They’re recovering it twice, and profiting once (when they should be at net zero)
Nintendo went from ~0 to +1.
They raised prices to negate the tariffs and keeping profits relatively the same. Now with them getting a tariff refund, they’re getting +1.
Meanwhile customers are -1. Since Nintendo raised prices, we know consumers paid at least some fraction of the tariffs.
Right, that’s +2 and -2, so even. The customer is -1, and that’s it.
Maybe in a just society the business that actually ate the costs and didn’t pass them along could get a refund but not the rest? Idk what a mess, that has problems galore too