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Costco sues Trump administration to pause tariffs, refund payments

Costco has filed a lawsuit against the Trump administration seeking to halt tariff payments and obtain refunds, arguing that the president does not have the legal authority to impose such tariffs without congressional approval. This lawsuit adds to a growing trend among companies challenging the legality of these tariffs, particularly as Costco's revenue is significantly reliant on imported goods from countries like China, Canada, and Mexico.

Although hundreds of customers lined up on three sides of the Costco building before doors opened, most looking for water, toilet paper, paper towels and cleaning supplies, there were plenty of shopping carts in Burbank on Friday, March 13, 2020. A continual flow of single-file customers entered the store for thirty-minutes although more customers continued to arrive throughout the morning. Water and other necessities were out of stock within 20 minutes after the store opened. According to a manager on site who did not give his name, an entire truckload of water was scooped up by customers in less than half an hour

Although hundreds of customers lined up on three sides of the Costco building before doors opened, most looking for water, toilet paper, paper towels and cleaning supplies, there were plenty of shopping carts in Burbank on Friday, March 13, 2020. A continual flow of single-file customers entered the store for thirty-minutes although more customers continued to arrive throughout the morning. Water and other necessities were out of stock within 20 minutes after the store opened. According to a manager on site who did not give his name, an entire truckload of water was scooped up by customers in less than half an hour

Credit: (Raul Roa / Los Angeles Times)

Key Highlights

  • Costco claims President Trump lacks authority to impose tariffs without Congress.
  • The company is seeking refunds for tariff payments already made.
  • About one-third of Costco's U. S. sales come from imported goods.
  • Costco's lawsuit reflects a broader industry challenge against tariffs.
  • Looming customs deadlines could impact Costco's ability to reclaim tariff payments if the Supreme Court rules against the tariffs.
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Sources

  1. Costco sues Trump administration, seeking tariff refund
  2. Costco sues Trump administration to pause tariffs, refund payments
  3. Costco is suing Trump to avoid getting stuck with the tab on tariffs

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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