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2026-02-21 01:37:01
[US Retail Industry Association Calls for Urgent Tariff Refunds] Following the US Supreme Court's rejection of Trump's tariff policy, several US retail industry associations have called for tariff refunds. The National Retail Federation urged lower courts to ensure a smooth process for tariff refunds to US importers. The American Apparel & Footwear Association stated that it believes the government will expedite the refund process, calling the ruling significant in alleviating the "high tariff pressure" on the apparel and footwear industry. Shares of apparel companies such as Lululemon, Levi Strauss, and Crocs rose sharply after the news was released, but largely returned to flat by midday.
