Philips and Pandora have announced their intention to apply for tariff rebates following the first-quarter earnings season, which has exposed the financial strain caused by U.S. tariffs.
The companies are among a growing list of global firms seeking reimbursement under the U.S. government's rebate program, which aims to mitigate the economic impact of trade tensions.
The decision comes as businesses across multiple sectors report earnings that reflect the burden of increased trade costs.
The rebate initiative, which includes a web portal for applications, is part of a broader effort to address the fallout from President Trump's recent trade policies.
The move has reignited discussions around the long-term implications of these tariffs on global supply chains and corporate profitability.
Trade tensions have been a persistent theme in recent market commentary, with companies in the health tech and jewelry sectors particularly vocal about the financial pressures they face.