Rivian sues the US government for ‘full refund’ of Trump tariffs
Rivian has filed a lawsuit against the U.S. government in an attempt to claw back a “full refund” on tariffs it paid under President Trump’s “Liberation Day” taxes, which the Supreme Court later ruled unconstitutional. The automaker joins a long line of companies seeking such refunds. In April, Rivian CFO Claire McDonough said she expected the company stood to reap a refund in the “tens of millions of dollars.” Rivian’s action comes as the company is in the middle of rolling out its first mass-market SUV, the R2.
- ▪Rivian has filed a lawsuit against the U.S. government in an attempt to claw back a “full refund” on tariffs it paid under President Trump’s “Liberation Day” taxes, which the Supreme Court later ruled unconstitutional.
- ▪The automaker joins a long line of companies seeking such refunds.
- ▪In April, Rivian CFO Claire McDonough said she expected the company stood to reap a refund in the “tens of millions of dollars.” Rivian’s action comes as the company is in the middle of rolling out its first mass-market SUV, the R2.
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Rivian has filed a lawsuit against the U.S. government in an attempt to claw back a “full refund” on tariffs it paid under President Trump’s “Liberation Day” taxes, which the Supreme Court later ruled unconstitutional. The automaker joins a long line of companies seeking such refunds. In April, Rivian CFO Claire McDonough said she expected the company stood to reap a refund in the “tens of millions of dollars.” Rivian’s action comes as the company is in the middle of rolling out its first mass-market SUV, the R2. It expects to ship around 20,000-25,000 of them by the end of this year, and help the company finally reach profitability. Reaching that goal may not happen until 2028, though, as Rivian is plowing a lot of money into developing autonomous vehicles at the moment.
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