Costco sues the Trump administration, seeking a refund of tariffs

Main Idea: Costco is suing the Trump administration to get back tariffs it says were illegally collected under the International Emergency Economic Powers Act.

Key Points:

• Costco asked the Court of International Trade for a full refund of duties it paid under Trump’s “reciprocal” tariff orders.
• The company argues the law does not clearly let the president set tariffs, so the tariffs should be struck down.
• The Supreme Court is now reviewing the wider legality of Trump’s tariff plan, and judges have already raised doubts about the government’s case.
• Costco says tariffs have raised its costs, especially on imported goods, and it has tried to limit price increases for shoppers.