Close Menu
    What's Hot

    Gotham Awards 2025: Best and Worst Celebrity Looks on the Red Carpet

    December 2, 2025

    Large Whale Transfers Put Pressure on Bitcoin Price. Will It Drop?

    December 2, 2025

    Delota reports Q2 results

    December 2, 2025
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»Costco Sues Over Trump’s Tariffs in Bid to Secure Refund
    Money

    Costco Sues Over Trump’s Tariffs in Bid to Secure Refund

    Press RoomBy Press RoomDecember 2, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Costco is suing the government to recover tariff money.

    The wholesale retailer has filed a lawsuit against the United States, the US Customs and Border Protection agency, and Rodney S. Scott, the Commissioner of US Customs and Border Protection.

    The suit asks the US Court of International Trade to strike down tariffs imposed by President Donald Trump by executive order under the International Emergency Economic Powers Act, and to ensure tariff refunds for businesses that paid import duties.

    In a complaint submitted Friday, November 28, the retailer said it is seeking a “full refund” of duties it paid after Trump used the emergency-powers law to levy what he described as “reciprocal” tariffs.

    The complaint cited a previous lawsuit, VOS Selections, Inc. vs. Trump, filed against the Trump administration, for which the US Supreme Court heard arguments in early November.

    “This separate action is necessary, however, because even if the IEEPA duties and underlying executive orders are held unlawful by the Supreme Court, importers that have paid IEEPA duties, including Plaintiff, are not guaranteed a refund for those unlawfully collected tariffs in the absence of their own judgment and judicial relief,” the complaint reads.

    The complaint highlights a process called liquidation, which is when customs completes its final review and determines the official amount of duty for a particular shipment. Liquidation typically provides Customs and Border Protection with the opportunity to either refund the importer or demand additional duties to be paid. This process must be completed within one year of a shipment’s entry unless it is extended at the discretion of the CBP. It is unknown if a refund could happen once liquidation is over.

    According to the complaint, tariffs on Costco’s imports will be begin to be liquidated as early as as December 15, and the CBP already declined the company’s request to extend the liquidation.

    “Plaintiff seeks relief from the impending liquidations to ensure that its right to a complete refund is not jeopardized,” the complaint reads.

    The Court of International Trade and the District Court for the District of Columbia have both ruled the IEEPA tariffs illegal on separate occasions. Their rulings are mostly based on the Constitution, which says that Congress has the exclusive power to levy taxes and collect duties. The Court of Appeals for the Federal Circuit reaffirmed the CTI’s decision in August.

    The use of the IEEPA for tariffs eventually made its way to the Supreme Court, and the court is currently deliberating.

    Costco did not specify the amount of duties it has paid in the complaint. Treasury Secretary Scott Bessent said in a filing submitted to SCOTUS in September that the government could end up owing $1 trillion in tariffs should the court rule against the Trump administration.

    Costco, the White House, and the US Customs and Border Protection agency did not immediately respond to requests for comment.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Gotham Awards 2025: Best and Worst Celebrity Looks on the Red Carpet

    December 2, 2025

    OpenAI Is Feeling the Heat From Google — for Good Reason

    December 2, 2025

    How Steve Jobs Made the ‘Ken Burns Effect’ an Apple Staple

    December 2, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Gotham Awards 2025: Best and Worst Celebrity Looks on the Red Carpet

    December 2, 2025

    Large Whale Transfers Put Pressure on Bitcoin Price. Will It Drop?

    December 2, 2025

    Delota reports Q2 results

    December 2, 2025

    OpenAI Is Feeling the Heat From Google — for Good Reason

    December 2, 2025
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2025 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.