Major corporations including Costco, Revlon and Kawasaki Motors are taking the Trump administration to court over President Donald Trump's tariffs. The companies claim that they should be refunded for the fees they have already paid under Trump's "Liberation Day" tariffs.
The Supreme Court is currently considering whether the tariffs were lawfully imposed or not. Justices have expressed doubts about the policy, which means if it gets overturned, the companies could receive refunds for their previously paid taxes.
Costco has now filed a lawsuit in this regard, joining several other big brands such as cosmetics giant Revlon, motorcycle manufacturer Kawasaki Motors and Bumble Bee Foods. A total of over 70 companies have filed similar lawsuits to ask the US Court of International Trade to declare the tariffs unlawful, force the government to refund their money and prevent further charges on Trump's sweeping tariffs.
These lawsuits represent a new phase in the ongoing dispute over Trump's tariffs. While smaller companies had previously taken the administration to court, larger corporations had kept quiet about the issue. However, recent weeks have seen several big-name companies including Berlin Packaging, Innovative Eyewear, iFit and Ferguson Enterprises join in.
The companies argue that they are entitled to a refund even if the Supreme Court rules that the tariffs were unlawful. They claim that without a court ruling ordering the refunds, importers of goods subject to IEEPA duties have no guarantee of receiving compensation for their already paid taxes.
In essence, these lawsuits are an attempt by major corporations to secure the money they've lost due to Trump's tariffs. The companies' use of similar language in their filings suggests that they are working together with the same law firms, highlighting their collective effort to seek justice and get a refund from the government.
The Supreme Court is currently considering whether the tariffs were lawfully imposed or not. Justices have expressed doubts about the policy, which means if it gets overturned, the companies could receive refunds for their previously paid taxes.
Costco has now filed a lawsuit in this regard, joining several other big brands such as cosmetics giant Revlon, motorcycle manufacturer Kawasaki Motors and Bumble Bee Foods. A total of over 70 companies have filed similar lawsuits to ask the US Court of International Trade to declare the tariffs unlawful, force the government to refund their money and prevent further charges on Trump's sweeping tariffs.
These lawsuits represent a new phase in the ongoing dispute over Trump's tariffs. While smaller companies had previously taken the administration to court, larger corporations had kept quiet about the issue. However, recent weeks have seen several big-name companies including Berlin Packaging, Innovative Eyewear, iFit and Ferguson Enterprises join in.
The companies argue that they are entitled to a refund even if the Supreme Court rules that the tariffs were unlawful. They claim that without a court ruling ordering the refunds, importers of goods subject to IEEPA duties have no guarantee of receiving compensation for their already paid taxes.
In essence, these lawsuits are an attempt by major corporations to secure the money they've lost due to Trump's tariffs. The companies' use of similar language in their filings suggests that they are working together with the same law firms, highlighting their collective effort to seek justice and get a refund from the government.