Panic passes Trump tariff refunds back to the Playdate customers who paid them
Panic, the creators of the Playdate gaming handheld, are returning customer refunds for tariffs imposed by the Trump administration. The Supreme Court ruled in February that the tariffs were illegal, and the administration was ordered to refund companies that had paid the import taxes. Panic confirmed it has started receiving the refunds and has since refunded all customers who were charged the tariffs.
Initially, Panic stated it could not absorb the 19 percent tariffs due to low margins on Playdate hardware made overseas, so the cost was passed on to customers as a separate line item on their orders. This contrasts with other companies like Nintendo, which raised prices citing market conditions and tariff uncertainty.
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