US EditionCostco sues Trump administration seeking tariff refunds amid Supreme Court review
Costco seeks to block tariffs imposed under the International Emergency Economic Powers Act and demands refunds amid a Supreme Court review that could affect billions in duties.
- Costco Wholesale Corp. filed a complaint in the U.S. Court of International Trade seeking to declare IEEPA-based tariffs unlawful and to block Customs and Border Protection from applying them while ordering refunds of duties already paid.
- CBP's refusal to extend liquidation deadlines prompted Costco to sue, fearing the Dec. 15 cutoff could bar refund claims amid lower federal courts questioning IEEPA's tariff authority.
- Costco Wholesale Corp.'s scale and revenue figures show it reported $275.2 billion in the fiscal year ended Aug. 31, with nearly $90 billion paid under IEEPA and about 8% of U.S. sales from China imports.
- White House spokesman Kush Desai said `The White House looks forward to the Supreme Court's speedy and proper resolution of this matter`, as Costco joins other firms seeking tariff refunds, increasing legal pressure.
- The Supreme Court of the United States will decide whether importers can recover duties and if Trump had authority under IEEPA after Nov. 5, as justices showed skepticism during oral arguments.
204 Articles
204 Articles
The U.S.'s largest supermarket chain, Costco, has sued the U.S. government to demand the return of tariffs it has had to pay since U.S. President Donald Trump approved on April 2 the widespread import charges on products from other countries. Costco thus joins the group of companies that have already claimed the Trump administration to refund tariffs in the event that the Supreme Court declares the White House's main economic measure illegal. Co…
Associated Press News
Costco becomes biggest company yet to demand refund of Trump tariffs
Costco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump’s most sweeping import taxes.
The distribution giant Costco, which markets hundreds of imported products – from tires to golf balls to mangoes and salmon – continues the Trump administration and demands full refund of customs duties paid this year due to Donald Trump's trade policy.
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