Costco Sues Trump Administration Over Tariffs

Costco, a major importer, is challenging the Trump administrations tariff orders, seeking a full refund for the import taxes paid this year. The retailer filed a lawsuit with the United States Court of International Trade, arguing that the president lacks authority under the International Emergency Economic Powers Act to set these tariffs. Traditionally, tariffs require congressional approval, but President Trump used a 1977 law to issue global tariff orders, bypassing the process. Costco, along with other businesses, is suing for refunds if the Supreme Court strikes down Trumps economic policy, which has significantly disrupted the retail sector and forced companies to absorb costs to avoid price increases for consumers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.