Updated: 3 Dec| Published: 2 Dec
Costco filed a lawsuit in the U.S. Court of International Trade challenging import tariffs imposed under the International Emergency Economic Powers Act by Donald Trump.The company argues Trump lacked legal authority to set such tariffs without congressional approval and seeks a refund of import taxes totaling billions of dollars.Other firms have also sued over the tariffs, and the Supreme Court is currently reviewing their legality with no ruling date set.
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Costco Wholesale Corp. reported record-setting fiscal first-quarter results that ended Nov. 23, exceeding Wall Street expectations with net income of $2.0 billion and total revenue reaching $67.31 billion, driven by...

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Costco filed a lawsuit in the US Court of International Trade challenging import tariffs imposed under the International Emergency Economic Powers Act by Donald Trump. The company argues Trump lacked legal authority to...

2 Dec/3 Dec
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