EconomyLens.com
No Result
View All Result
Saturday, April 18, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

US retail giant Costco challenges Trump tariffs in court

David Peterson by David Peterson
December 3, 2025
in Economy
Reading Time: 4 mins read
A A
1
29
SHARES
359
VIEWS
Share on FacebookShare on Twitter

Costco is seeking a refudun for tariffs it has paid on imported goods. ©AFP

Washington (United States) (AFP) – Costco, the major members-only warehouse retailer, has sued US President Donald Trump’s administration, demanding a refund for tariffs it has paid on imported goods, according to a lawsuit reviewed by AFP. The suit, filed November 28 at the US Court of International Trade, argues the tariffs are illegal. It does not specify how much reimbursement the multinational company is seeking on tariffs paid since they took effect earlier in Trump’s presidency.

Related

Trade ships hit in Hormuz as Iran reopening falters

US extends sanctions waiver on purchases of Russian oil

Trump tells AFP Iran deal close, ‘no sticking points’ left

Shippers eye Iran Hormuz reopening with wariness

Trump signals Iran deal near, hails ‘brilliant day for world’

Costco becomes the largest and most well-known US company to challenge the tariffs, which are a cornerstone of Trump’s policy to address what he views as a chronic imbalance in US trade and to exert diplomatic pressure on other countries. Costco and the White House did not immediately respond to AFP’s request for comment.

Commerce Secretary Howard Lutnick, when asked Wednesday about the suit by CNBC, said he doubted any tariffs will need to be refunded. “I really am confident it’s not going to happen, and we will have tariffs no matter what going forward,” he said. Several businesses and Democratic-led states have filed complaints with the same court, arguing that the tariffs are unconstitutional as the power to impose them rests with Congress. The complaints do not address tariffs targeting specific sectors like automobiles and steel.

The US Court of International Trade has already ruled that tariffs imposed by Trump under emergency powers were illegal, a ruling upheld by the Court of Appeals, but the tariffs remain in force pending a ruling from the Supreme Court. During an early November hearing, the Supreme Court expressed skepticism about the legality of some of the tariffs imposed by Trump.

But according to the documents filed by its lawyers, Costco fears that even if the Supreme Court rules the tariffs illegal, it will not be reimbursed for what it has already paid to US tax authorities. Pending the Supreme Court’s decision, other companies have filed similar lawsuits to Costco, including the US subsidiary of Japanese automaker Toyota.

© 2024 AFP

Tags: Donald Trumplawsuittariffs
Share12Tweet7Share2Pin3Send
Previous Post

Stocks struggle as data shows drop in US jobs

Next Post

Trump to scrap Biden’s fuel-economy standards, sparking climate outcry

David Peterson

David Peterson

Related Posts

Economy

Trump say Iran blockade continues despite Hormuz reopening

April 17, 2026
Economy

First loaded Iranian oil tankers exit Gulf since US blockade: Kpler

April 18, 2026
Economy

IMF, World Bank say restoring relations with Venezuela, recognizing interim government

April 16, 2026
Economy

IMF warns of war’s human impact far from Middle East

April 17, 2026
Economy

France finance minister says Hormuz must open, G7 ready to mitigate war fallout

April 16, 2026
Economy

Spain VP says IMF could recognize Venezuela soon, hastening reengagement

April 16, 2026
Next Post

Trump to scrap Biden's fuel-economy standards, sparking climate outcry

Poor hiring data points to US economic weakness

US stocks rise as weak jobs data boosts rate cut odds

Trump scraps Biden's fuel-economy standards, sparking climate outcry

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

97

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US extends sanctions waiver on purchases of Russian oil

April 18, 2026

No date set for next round of Iran-US talks: Iran deputy FM

April 18, 2026

Iran closes Hormuz Strait again over US blockade, ships reverse course

April 18, 2026

China sex toy makers cautiously embrace AI wave

April 18, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.