Costco Sues The Trump Administration Hoping To Get Tariff Refund

Watch Costco Sues The Trump Administration Hoping To Get Tariff Refund - Rizzle on Dailymotion

Transcript

00:00Costco Sues the Trump Administration Hoping to Get Tariff Refund

00:04Costco has filed a lawsuit against the Trump administration seeking refunds for tariffs it

00:09has already paid, while also asking the court to block future collections until the Supreme

00:14Court rules on a major case involving Presidential Tariff Authority. The suit, filed in the U.S.

00:20Court of International Trade, comes ahead of a December 15 deadline that could make those

00:24tariff charges permanent. The case centers on tariffs imposed by President Donald Trump under

00:30the International Emergency Economic Powers Act, i.e. EPA, including reciprocal tariffs on trading

00:36partners and fentanyl tariffs on imports from Canada, China, and Mexico. Costco argues that it

00:42has paid significant sums under these policies, but has not been given clarity on how much could

00:47be refunded if the Supreme Court sides with businesses challenging the tariffs. Costco's

00:52filing states that U.S. Customs and Border Protection refused its request to delay the

00:57liquidation process, the final step that legally locks in tariff charges on imports. Once liquidation

01:04occurs, importers may have no meaningful path to seek refunds, even if the tariffs are later

01:09deemed unlawful. Although importers typically have six months to protest, not every liquidation

01:15can be challenged, leaving many companies exposed. Dozens of businesses have filed similar lawsuits,

01:21fearing that if they do not act before December 15th, they may lose access to refunds, even if the

01:27Supreme Court invalidates Trump's tariff powers. The concern intensified after the Federal Circuit

01:33ruled 7-4 in August that IEEPA does not authorize presidents to impose tariffs unilaterally,

01:40reaffirming that Congress holds constitutional authority over taxation and trade. The Trump

01:46administration appealed, and the Supreme Court heard arguments on November 5th.

01:49Some justices appeared skeptical of the administration's position, but no ruling has

01:54been issued. The White House maintains that the tariffs are lawful and economically necessary.

02:01For Costco and other importers, the coming weeks will determine whether they can recover

02:05potentially millions in tariff payments.