Trump Trade: Rivian sues U.S. government in attempt over tariff refund

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled. TARIFF REFUND: Rivian (RIVN) is suing the U.S. government in an effort to claw back a "full refund" on tariffs it paid under President Trump's "Liberation Day" tariffs, which the U.S. Supreme Court ultimately determined were unconstitutional, TechCrunch's Sean O'Kane reports. The car maker joins a suite of companies seeking such refunds, with CFO Claire McDonough having said in April that she expected the company to potentially receive "tens of millions of dollars," the author notes. CHINESE MEMORY CHIPS: Apple (AAPL) is lobbying the Trump administration to let it use Chinese memory chips, while U.S. supplier Micron (MU) is pushing to block the move, The Wall Street Journal's Amrith Ramkumar and Rolfe Winkler reported on Friday night. Apple has proposed using chips from China's CXMT and YMTC outside the U.S., while Micron warned the move could destroy the domestic industry, according to people familiar with the matter. FINES ON TECH: President Donald Trump stated on Truth Social, "The.