{"id":16230,"date":"2025-12-03T21:21:39","date_gmt":"2025-12-03T21:21:39","guid":{"rendered":"https:\/\/bluelightnews.com\/category\/politics\/costco-becomes-biggest-company-yet-to-demand-refund-of-trump-tariffs\/"},"modified":"2025-12-03T21:21:39","modified_gmt":"2025-12-03T21:21:39","slug":"costco-becomes-biggest-company-yet-to-demand-refund-of-trump-tariffs","status":"publish","type":"post","link":"https:\/\/bluelightnews.com\/category\/politics\/costco-becomes-biggest-company-yet-to-demand-refund-of-trump-tariffs\/","title":{"rendered":"Costco becomes biggest company yet to demand refund of Trump tariffs"},"content":{"rendered":"<div xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n<div>\n<p>                                <bsp-timestamp data-timestamp=\"1764717043000\" data-recent-thresholdinhours=\"1\">                    <template data-date-tpl>Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year]<\/template>                    <span data-date><\/span>                <\/bsp-timestamp>            <\/p>\n<\/p><\/div>\n<p>                                    <bsp-page-actions>                            <\/bsp-page-actions>                                                            <\/div>\n<div>\n<p>WASHINGTON (AP) &mdash; Costco is joining other companies that aren&rsquo;t waiting to see <span><a data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/trump-tariffs-supreme-court-bc89f3a1f5fd66e5b59f6e5330a5c0ca\">whether the Supreme Court strikes down<\/a><\/span>  President Donald Trump&rsquo;s most sweeping import taxes. They&rsquo;re going to court to demand refunds on the tariffs they&rsquo;ve paid.<\/p>\n<p>The specialized U.S. Court of International Trade in New York and the U.S. Court of Appeals for the Federal Circuit in Washington ruled earlier this year that Trump&rsquo;s biggest and boldest import taxes are illegal. The case is now before the Supreme Court. In a Nov. 5 hearing, several of the high court&rsquo;s justices expressed doubts that the president had sweeping power to declare national emergencies to slap tariffs on goods from almost every country on earth.<\/p>\n<p>If the court strikes down the tariffs, importers may be entitled to refunds on the levies they&rsquo;ve paid. &ldquo;It&rsquo;s uncertain whether refunds will be granted and, if so, how much,&rsquo;&#8217; said Brent Skorup, a legal fellow at the libertarian Cato Institute. &rdquo;But the possibility has prompted many companies &mdash; including Costco &mdash; to file actions in the U.S. Court of International Trade to get in line, so to speak, for potential refunds.&rsquo;&#8217;<\/p>\n<p>Trump claims that he has an almost unlimited right to impose tariffs &mdash; a power the Constitution gives to Congress, under the 1977 International Emergency Economic Powers Act (IEEPA) &mdash; but has now lost twice in court. Trade lawyer Joyce Adetutu, a partner at the Vinson &amp; Elkins law firm, said that Costco is trying to &ldquo;make sure that if and when the Supreme Court overturns the IEEPA tariffs, which could come as late as the summertime, they have the judgment in place&rsquo;&rsquo; and can collect a refund.<\/p>\n<p>In a complaint filed last week with the trade court in New York, Costco said it is demanding the money back now &ldquo;to ensure that its right to a complete refund is not jeopardized.&Prime; <\/p>\n<p>The operator of warehouse-sized stores expressed concern that it might struggle to get a refund once its tariff bills have been finalized &mdash; a process called &ldquo;liquidation&rsquo;&rsquo; &mdash; by the Customs and Border Protection agency, a process Costco says will start Dec. 15. Importers have 180 days after liquidation to protest the tariff bills. Costco worries that &ldquo;their timeline might be whittled away depending on how long it takes to get a Supreme Court decision,&rsquo;&#8217; Adetutu said.<\/p>\n<p>Revlon and canned seafood and chicken producer Bumble Bee Foods have made similar arguments in the trade court.<\/p>\n<p>The tariffs facing the court challenge have raised around $90 billion so far. <\/p>\n<p>It&rsquo;s unclear how a refund process would work. As import tax bills are finalized and sometimes appealed, Customs and Border Protection &ldquo;refunds tariffs every day, but not to this extent,&rdquo; Adetutu said. &ldquo;This is a substantial amount of tariff income that has been collected. And really there hasn&rsquo;t been a case where there&rsquo;s been an influx of refund requests.&rsquo;&rsquo;<\/p>\n<p>Trump warned back in August that the loss of his tariffs would destroy that American economy and lead to &ldquo;1929 all over again, a GREAT DEPRESSION!&rdquo;<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/apnews.com\/article\/costco-tariffs-supreme-court-trump-illegal-86203801e7a0f690d333c087b9db844f\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] WASHINGTON (AP) &mdash; Costco is joining other companies that aren&rsquo;t waiting to see whether the Supreme Court strikes down President Donald Trump&rsquo;s most sweeping import taxes. They&rsquo;re going to court to demand refunds on the tariffs they&rsquo;ve paid. The specialized U.S. Court of International Trade in New York [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16231,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trump"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/16230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/comments?post=16230"}],"version-history":[{"count":0,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/posts\/16230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media\/16231"}],"wp:attachment":[{"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/media?parent=16230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/categories?post=16230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bluelightnews.com\/category\/politics\/wp-json\/wp\/v2\/tags?post=16230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}