The boss of Warhammer maker Games Workshop has said the company managed to secure a £7.8 million (approx. $10.3 million) refund on Donald Trump’s tariffs, but other issues, such as the Iran War, threaten its supply chain.
The UK-based company makes the majority of its money through the sale of miniatures, which are painted by fans and used to play a variety of tabletop games, such as Warhammer 40,000. The U.S. is a significant market for Games Workshop, and so when Trump’s tariffs kicked in, the company was hit hard.
In its latest financial report, Games Workshop CEO Kevin Rountree said the company paid £12 million (approx. $15.9 million) in new U.S. tariffs during the last financial year. But following the U.S. Supreme Court ruling that declared the tariffs illegal, Games Workshop reclaimed £7.8 million of tariffs for the period to February 2026.
In February, the Supreme Court said Trump’s unprecedented use of the International Emergency Economic Powers Act (IEEPA) was illegal. In early April last year, Trump held up a chart while speaking during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House, and declared “Liberation Day.” The announcement confirmed additional tariffs targeting goods imported to the U.S. The U.S. Customs and Border Protection agency said it collected about $166 billion in duties and deposits under the emergency tariffs imposed by Trump.
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