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

  • phaedrus@piefed.worldEnglish
    110·
    4 hours ago

    Don’t celebrate just yet. Costco will likely take the money for themselves and not do a damn thing for their members.

    • not_that_guy05@lemmy.world
      41·
      4 hours ago

      What do you expected them to do? Go through every single transaction that has happened since the start of this stupidity and distribute it?

      What you need to worry about is how much of that tariffs tax will come out along with the interest cause no company is not going to take no interest.

      Now imagine every single company requesting their money plus interest. Lol.

      • RampantParanoia2365@lemmy.world
        1·
        3 hours ago

        I’m with the first guy, but one option might be to give everyone the same gift card based on average the consumer cost. Something would be better than nothing.

      • ThePantser@sh.itjust.worksEnglish
        2·
        4 hours ago

        They could easily refund customers as they have the data of every member. But what is more likely is they can discount your membership based on how much you purchased.