Topline<\/p>\n
Nintendo argued consumers \u201creceived exactly what they bargained and paid for\u201d after raising the price for its Switch 2 console, asking a court to dismiss a class-action lawsuit claiming the video game giant should issue tariff rebates, as only a handful of companies have said they would issue refunds. <\/p>\n
The video game giant previously blamed \u201cmarket conditions\u201d for price hikes. <\/p>\n
Copyright 2025 The Associated Press. All rights reservedKey Facts<\/p>\n
Nintendo, in a motion filed late Monday, argued consumers who sued the firm to receive tariff refunds are \u201cnot entitled\u201d to a rebate and claimed the money they paid for Nintendo products \u201crepresents the purchase price of the goods they wanted and received.\u201d<\/p>\n
Consumers filed a class-action lawsuit against Nintendo in April, claiming the company\u2014which sued the Trump administration to recoup tariff payments\u2014raised its prices because of the tariffs and would later receive refunds for those levies, effectively allowing the company to collect the costs twice.<\/p>\n
Nintendo\u2019s attorneys criticized the lawsuit\u2019s argument as \u201cmeritless,\u201d arguing consumers failed to dispute Nintendo\u2019s price adjustments as unlawful or that the company misled customers.<\/p>\n
In its motion, Nintendo said it made the \u201cdifficult decision\u201d to raise prices for some of its products \u201cin response to market conditions,\u201d which the firm said included tariffs as well as the cost of memory, labor and shipping.<\/p>\n
Shares of Nintendo dropped 4% in Tokyo-based trading on Tuesday.<\/p>\n
crucial quote<\/p>\n
\u201cNintendo or one of its retailers set a price for each product, and consumers decided whether that price was worth paying,\u201d Nintendo\u2019s attorneys wrote. \u201cThose who bought Nintendo\u2019s products received exactly what they bargained and paid for: a console, game and\/or accessory at a price to which both parties agreed.\u201d<\/p>\n
what companies will issue tariff refunds?<\/p>\n
Only a few have publicly stated they would pass on tariff refunds to consumers: Costco CEO Ron Vachris said in March the company would turn tariff refunds into \u201clower prices and better values.\u201d FedEx said it would issue refunds to shippers and consumers who originally paid the tariff charges. UPS similarly said it would reimburse customers for tariff-related charges. <\/p>\n
tangent<\/p>\n
Ford, which has said it would not pass on tariff refunds, faces a proposed class-action lawsuit in Michigan from consumers who claim they should receive reimbursement. Ford previously said it expected a one-time $1.3 billion refund.<\/p>\n
key background<\/p>\n
Nintendo announced<\/a> a price hike for its then-upcoming Switch 2 console one day after President Donald Trump announced sweeping tariffs against more than 180 countries last year. The video game firm launched global price hikes again earlier this year, citing \u201cmarket conditions,\u201d following similar moves by Sony and Microsoft amid a broader chip supply crunch. The Trump administration has said it would refund $166 billion to some 300,000 different importers after the Supreme Court ruled Trump\u2019s levies were unlawful, leading the way for many firms, like Nintendo, to sue for reimbursement. Some economists have warned that tariff rebates would only benefit U.S. importers. Among those making that argument is UBS chief economist Paul Donovan, who wrote earlier this year it \u201cseems unlikely anyone will rush to lower prices to their consumers.\u201d<\/p>\n further readingForbesNintendo\u2019s Switch 2 Gets A $50 Price Hike\u2014Company Blames \u2018Market Conditions\u2019By Siladitya Ray<\/a>ForbesNintendo Surprises With Switch 2 Price Hike\u2014As Trump Imposes Tariffs On China And VietnamBy Conor Murray<\/a>ForbesTariff Refunds Start Today\u2014But Average Consumers Won\u2019t BenefitBy Ty Roush<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Topline Nintendo argued consumers \u201creceived exactly what they bargained and paid for\u201d after raising the price for its…\n","protected":false},"author":2,"featured_media":561158,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[61,60,4410,237163,88315,237162,237165,237164,4162,80],"class_list":["post-561157","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-ie","tag-ireland","tag-nintendo","tag-nintendo-tariffs","tag-switch-2","tag-switch-2-price","tag-switch-2-prices","tag-tariff-refunds","tag-tariffs","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/561157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=561157"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/561157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/561158"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=561157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=561157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=561157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}