Some shoe firms have already received their tariff refunds, others are still waiting to get theirs. So far, the shoppers who paid higher prices seem to be out in the cold. The tariff refunds are for reciprocal duties imposed last year under the International Emergency Economic Powers Act that shoe firms paid, but were ruled illegal this past February by the U.S.
Some companies absorbed a portion of the added costs from the duties, while others raised prices. For example, Nike in May 2025 said it was doing a "surgical" price increase for a select group of items, averaging between $2 and $10. And Swoosh's sneaker competitor Adidas said last October that new products to the U.S. featuring innovative technologies would see higher prices.
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How these lawsuits get resolved remains unclear. Customs and Border Protection is only processing refunds for registered importers of record. Moreover, shoe retailers and brands don't necessarily know which particular shopper bought what and when.
Below is a list of which companies have received tariff refunds thus far, and the dollar amount refunded. More amounts are expected to be revealed in the coming months. Target Corp.: $994 million was received in the second quarter ended Aug. 1.
Net income for the period jumped 100.8 percent to $1.88 billion from $935 million a year ago. Target doesn't separate out sales costs for each category, such as footwear. The company did note that the IEEPA tariff refunds received were recognized as a reduction of Cost of Sales.
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