Costco sues Trump administration over sweeping emergency tariff powers
NegativeWorld Affairs

- Costco has initiated a lawsuit against the Trump administration, claiming that the imposition of tariffs under the International Emergency Economic Powers Act (IEEPA) was an overreach of executive authority. The retailer seeks a refund for duties paid if the tariffs are deemed unconstitutional by the courts.
- This legal action is significant for Costco as it aims to pause the tariffs on imported goods, which could impact pricing and profitability. The company is also seeking clarity on its financial obligations related to these tariffs amid ongoing legal proceedings.
- The case highlights ongoing tensions surrounding trade policies and executive power, particularly as Costco joins other companies in seeking refunds if the Supreme Court rules against the authority of former President Trump to impose such tariffs. This situation reflects broader concerns about the implications of emergency powers on trade and economic stability.
— via World Pulse Now AI Editorial System







