Hasbro is Suing the Government Over the IEEPA Tariffs
Hasbro has joined hundreds of companies suing the Federal Government to get refunds for the tariffs paid due to President Trump’s “emergency trade measures.” Those tariffs were deemed illegal by the U.S. Supreme Court towards the end of February.
Hasbro did not disclose how much it has paid in IEEPA tariffs but it is requesting refunds along with interest. There’s more than 2,000 similar cases filed in the U.S. Court of International Trade since April.
In July 2025, Hasbro’s CEO warned that prices could rise due to the tariffs. Then did so in the second half of the year though it didn’t dent sales. Revenue for the company jumped 31% to $1.45 billion beating expectations. Its profit was $201.6 million for the last three months of 2025. The increase in retail prices varied resulting in an additional 10% to 20% to the cost of items.
At the end of February, the Supreme Court struck down the tariffs in a 6-3 vote. An estimated $200 billion has been paid due to them. Tariffs are a tax that is put on goods imported into the country. It could be raw materials or finished products.
In a report it was estimated that 90% or more of the tariff’s cost was paid by US firms and consumers with the average tariff in 2025 going from 2.6% to 13%. Corporations are unlikely to eat all of that cost, so it is then passed along to consumers in the form of paying for the tariffs directly or by increased prices.
In a recent order, it was increased by a little over $5 for me, about 10% of the pre-tax price of the item which was a toy. Retailers have had to raise their prices to consumers with many making statements they would be doing so.
There are numerous lawsuits against the government and Trump administration by corporations to recoup the money paid for tariffs, it’s unknown how this Supreme Court decision will impact that.
It’s also unknown if consumers will see any relief in prices due to this decision. It’s not common for corporations to lower prices once they have been raised, so it’s possible the increase retail prices will remain, especially in a continuing uncertain economic outlook.
