Costco Adds Former Biden Commerce Secretary As Tariff Lawsuit Advances

Benzinga

Costco added former Commerce Secretary Gina Raimondo to its board while pursuing a federal lawsuit to recover tariff payments imposed under Trump’s emergency authority. The company argues the tariffs were unlawful and is seeking repayment as its case moves forward alongside 19 similar suits.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Costco said it will add former Biden administration commerce secretary Gina Raimondo

00:07to its board of directors, according to CNBC.

00:11The announcement followed the company's federal lawsuit seeking the return of tariff payments

00:16imposed by Trump under the International Emergency Economic Powers Act.

00:20Costco chairman Tony James said Raimondo's background in global business,

00:25politics, and international security will strengthen the board's expertise.

00:28Costco asked the Court of International Trade to order repayment now due to concerns it may not

00:34recover the money, even if the Supreme Court ultimately rules the tariffs unlawful.

00:38The court consolidated Costco's case with 19 similar lawsuits on Wednesday.

00:43For all things money, visit Benzinga.com.

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