Wholesale giant Costco is suing the federal government to secure a refund on import duties if the Supreme Court overturns Trump’s tariffs. Costco claims the tariffs are unlawful and seeks unspecified damages. Other companies have also sued for refund rights. The Supreme Court justices seem skeptical of Trump’s tariff policy.
During a three-hour debate, the Supreme Court questioned Trump’s authority to impose tariffs under the International Emergency Economic Powers Act. Legal experts believe the court may rule against the president, expressing concerns about Congress losing control over tariffs. The court has not indicated when a decision will be made on the case.
Costco filed a lawsuit to ensure a refund of import duties if Trump’s tariffs are invalidated. The company claims Customs and Border Protection denied its request to delay tariff calculations, impacting its ability to receive a refund. The case is separate from the larger challenge to Trump’s tariffs heard by the Supreme Court.
Read more at Yahoo Finance: Costco sues US to preserve tariff refunds if Trump loses appeal
