The wholesaler is the latest company to sue a federal agency over the president's signature economic policy.

The wholesaler is the latest company to file a lawsuit against a federal agency over the president’s signature economic policy.

Costco Wholesale has filed a lawsuit against the Trump administration, asking the Court of International Trade to consider all tariffs collected under the International Emergency Economic Powers Act unlawful.

The company said in a Nov. 28 filing that it is seeking a “full refund” of all IEEPA duties paid as a result of Donald Trump’s executive order which imposed what he called “reciprocal” tariffs.

“Because IEEPA does not clearly authorize the President to set tariffs…the Challenged Tariff Orders cannot stand and the defendants are not authorized to implement and collect them,” Costco’s lawyer writes in the lawsuit.

Global cosmetics giant Revlon, eyeglass maker EssilorLuxottica, motorcycle manufacturer Kawasaki, canned foods seller Bumble Bee, Japanese auto supplier Yokohama Tire and many smaller firms have also filed similar suits

  • Veedem@lemmy.worldEnglish
    26·
    5 hours ago

    From the article:

    In May, on Costco’s earnings call, Chief Financial Officer Gary Millerchip told investors that about a third of Costco’s sales in the U.S. are imported products. Millerchip said items imported from China represented about 8% of total U.S. sales.

    Millerchip said that while Costco was seeing a direct impact from tariffs on imports of some fresh food items from Central and South America, it decided not to increase prices “because they are key staple items” for its customers.

    Some of those fresh food items included pineapples and bananas. “We essentially held the price on those to make sure that we’re protecting the member,” he said.

    In September, Millerchip told analysts: “We continue to work closely with our suppliers to find ways to mitigate the impact of tariffs, including moving the country of production where it makes sense and consolidating our buying efforts globally to lower the cost of goods across all our markets.”

    • gustofwind@lemmy.worldEnglish
      814·
      5 hours ago

      That’s great but only represents Costco. I purchased a lot of things not from Costco that had explicit tariff surcharges on them

          • forrgott@lemmy.zip
            142·
            4 hours ago

            No. That’s what we call “hijacking the thread”, which is just plain rude.

            ¯\_(ツ)_/¯

            • fodor@lemmy.zip
              22·
              2 hours ago

              Sorry, but you’re wrong here. Discussing the obvious implications (if CostCo wins, so does every other import company) is a natural thing to do in this location. If you don’t like it, don’t follow those threads.

            • gustofwind@lemmy.worldEnglish
              45·
              4 hours ago

              The article literally says Costco is just the latest company to file suit and lists a bunch of other companies too

              • protist@mander.xyzEnglish
                102·
                4 hours ago

                The article is literally about Costco. They throw in a single line at the very end about some other companies.

                • gustofwind@lemmy.worldEnglish
                  25·
                  4 hours ago

                  Yes it’s about Costco filing suit to get a refund for the tariffs they paid, just like every other company that filed the same suit as mentioned

                  It is not just about Costco it’s about corporations suing the government to get tariff refunds

                  • forrgott@lemmy.zip
                    71·
                    3 hours ago

                    So, the focus is the article is …the brief side note where they mention the other companies??

                    What the fuck ever, dude.

                    ༼ つ ◕_◕ ༽つ