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ASOS Seeks £7 Million Refund After Court Axes Trump Tariffs

4/24/2026

Summary

Story summary

ASOS is seeking £7 million in tariff refunds from the United States government after a February 2026 U.S. Supreme Court ruling.
The Court struck down the “Liberation Day” tariffs that President Donald Trump imposed under the International Emergency Economic Powers Act.
ASOS reported a pre-tax loss of £137.9 million for the six months to March 1 2026, narrowed from £241.5 million a year earlier, and said the tariffs reduced its profit by £7 million.

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Story summary

ASOS is seeking £7 million in tariff refunds from the United States government after a February 2026 U.S. Supreme Court ruling.
The Court struck down the “Liberation Day” tariffs that President Donald Trump imposed under the International Emergency Economic Powers Act.
ASOS reported a pre-tax loss of £137.9 million for the six months to March 1 2026, narrowed from £241.5 million a year earlier, and said the tariffs reduced its profit by £7 million.