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Adidas is entitled to refund of 300 million euros from U.S. tariffs, CEO says
Finance

Adidas is entitled to refund of 300 million euros from U.S. tariffs, CEO says

Published by Global Banking & Finance Review

Posted on May 7, 2026

1 min read

· Last updated: May 7, 2026

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Adidas is entitled to refund of $300 million from US tariffs, CEO says

Adidas CEO Discusses Potential U.S. Tariff Refund

(Corrects currency to U.S. dollars from euros in headline and first paragraph)

Supreme Court Ruling and Refund Details

MUNICH, May 7 (Reuters) - Adidas CEO ​Bjorn Gulden said the company would be entitled to a refund of $300 million (not euros) from U.S. tariffs after the Supreme Court struck down the government's emergency levies.

CEO's Statement at Shareholder Meeting

"We haven't booked it yet, but there's a very good chance it will happen," he said, speaking in German at a shareholder meeting on Thursday.

Reporting and Editorial Credits

(Reporting by Alexander Huebner, writing by Linda PasquiniEditing by Madeline Chambers)

Key Takeaways

  • A February 20, 2026 Supreme Court ruling invalidated sweeping Trump‑era tariffs imposed under the International Emergency Economic Powers Act (IEEPA), opening the door for importers like Adidas to claim refunds (kiplinger.com).
  • The U.S. Court of International Trade has since ruled that importers are “entitled to benefit” from the Supreme Court decision, clearing a legal path for tariff refunds — though the administrative process may be complex (cbsnews.com).
  • Industry sources estimate that the U.S. government could owe as much as $175 billion in refunds, and experts warn that processing mass refunds will involve significant logistical challenges (axios.com)

References

Frequently Asked Questions

Why is Adidas entitled to a 300 million euro US tariff refund?
Adidas may receive the refund after the Supreme Court struck down the US government's emergency tariff levies.
Who confirmed Adidas's potential tariff refund?
Adidas CEO Bjorn Gulden confirmed the company is entitled to the 300 million euro refund.
Has Adidas booked the 300 million euro refund yet?
No, Adidas has not booked the refund yet but believes there is a very good chance it will happen.
Where was the announcement about the tariff refund made?
The announcement was made by CEO Bjorn Gulden at a shareholder meeting in Munich.

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