This activewear brand says tariffs are still taking a toll

Nate Axvig and his wife Leslie own Aktiv, a Scandinavian activewear brand based in Denver, Colorado.

Last year, the company faced thousands of dollars’ worth of tariff fees. And though the International Emergency Economic Powers Act-enabled tariffs have been overturned, Axvig still hasn’t recieved the majority of the money he’s owed in refunds. That has taken a toll on the Aktiv’s finances.

“We roughly calculate our IEEPA tariffs to be at about $27,000 that we paid, and we've received about $3,000 back,” said Axvig. “So, we’re just sort of waiting.”

“Marketplace” host Sabri Ben-Achour spoke with Axvig about what that means for the business.

Click the audio player to hear their conversation.