BBC News | Asos demands £7m from US as firms rush to claim tariff refunds
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Online fashion retailer Asos is pursuing £7 million in tariff refunds from the United States after the Supreme Court invalidated the “Liberation Day” tariffs imposed by former President Donald Trump, opening the door to the largest repayment programme in history. The company said it has started the refund‑claim process through a new online portal that many importers have already used, although some users have reported technical glitches. Asos announced the move while reporting a narrowing pre‑tax loss of £137.9 million for the six months to 1 March, down from £241.5 million a year earlier, as the business continues its turnaround amid weaker consumer demand and increased competition from low‑cost rivals such as Shein. The broader U.S. refund scheme, ordered by the Court of International Trade, could see up to 330,000 importers reclaim a portion of the more than $160 billion in tariffs collected, with successful claims expected to be paid within 60‑90 days. Individual consumers who faced higher prices because of the tariffs are not expected to receive compensation.
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