"The nation's biggest warehouse club chain is among dozens of companies to file lawsuits in a US trade court since late October challenging President Donald Trump's use of an economic emergency powers law to impose the levies, according to court records. It's one of the biggest corporate players to jump into a fight largely driven this year by small businesses and Democratic state officials."
"The Supreme Court heard arguments on Trump's tariffs on Nov. 5. The justices put the fight on a fast-tracked schedule but didn't say when they intend to rule. In the meantime, businesses of all sizes have brought cases pressing similar legal claims with the goal of avoiding uncertainty about their eligibility for refunds if the court rules against Trump."
"Costco argues that it needs a court intervention immediately because Customs and Border Protection denied its request to extend the schedule for finalizing tariff determinations under Trump's use of the International Emergency Economic Powers Act. The company says that could jeopardize its ability to seek full refunds in the future."
Costco joined dozens of businesses filing lawsuits in the US Court of International Trade to secure eligibility for refunds if the Supreme Court strikes down tariffs imposed under the International Emergency Economic Powers Act. The Supreme Court heard arguments on Nov. 5 and placed the case on a fast-tracked schedule without setting a ruling date. Businesses of all sizes have filed similar claims to avoid uncertainty about refund rights. Costco filed its complaint on Nov. 28 and says Customs and Border Protection denied a request to extend the schedule for final tariff determinations, which could jeopardize future refund claims.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]