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Costco sued by shopper in potential tariff class action case
Illinois Costco member files class-action seeking refund of tariff costs passed to customers amid $166 billion in government tariff refunds ordered by the U.S. Court of International Trade.
- On Tuesday, Costco shopper Matthew Stockov filed a proposed nationwide class action in Illinois alleging the company must return tariff refunds to customers, calling retained funds 'unjust enrichment'.
- Earlier this month, the U.S. Supreme Court struck down tariffs, creating a pool of roughly $166 billion in refunds owed to more than 330,000 importers with over 53 million entries, according to CBP data from March 4.
- Speaking to investors this month, Costco chief executive Ron Vachris said it is unclear 'what refunds, if any, will be received' and noted Costco membership fees bring in 73% of Costco's operating income.
- CBP is developing a new refund system to streamline tariff returns, the U.S. Court of International Trade ordered refunds, and FedEx has pledged to pass on funds to affected parties within 45 days.
- The scale of litigation and agency limits suggest more than 1,000 companies have filed suits in the U.S. Court of International Trade, while CBP officials warned that administrative procedures are ill suited for refunds.
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Costco sued by customer seeking refunds for tariff payments
Costco is facing a proposed nationwide class action lawsuit seeking refunds for customers over higher prices charged by the company due to the Trump administration's tariffs that were subsequently ruled unconstitutional by the Supreme Court.The lawsuit was filed by a Costco shopper in federal court in Illinois on Wednesday and seeks a declaration that the company must return to customers any refunds it receives for tariffs Costco paid under the …
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Costco faces lawsuit as consumers seek refunds from invalid tariffs
(The Center Square) – A member is suing warehouse retailer Costco to recoup his tariff costs, the latest sign that refunding President Donald Trump's invalid tariffs could be a complex battle in the courts.
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Total News Sources52
Leaning Left7Leaning Right11Center17Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 20%
C 49%
R 31%
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