'Brilliant' Costco to reap rewards for opposing Trump early: report
Alternet • • business
Key Points:
- Costco was the first major retailer to sue the Trump administration over tariffs, challenging the legality of the imposed international tariffs.
- The Supreme Court ruled the tariffs illegal, undermining Trump's authority to impose them arbitrarily via social media announcements.
- The ruling did not specify how the tens of billions collected from tariffs will be refunded to companies or consumers, leaving a complex administrative process ahead.
- Early filers like Costco may benefit from fewer procedural hurdles and better positioning to recover tariff payments compared to companies that filed later.
- Costco’s proactive legal action could enhance its financial recovery prospects and bolster its reputation with investors for decisive leadership.
