Costco(US:COST) Di Yi Cai Jing·2025-12-02 11:35Core Viewpoint - Costco has joined a growing number of companies suing the Trump administration over tariffs imposed under the International Emergency Economic Powers Act (IEEPA), with expectations that the government is likely to lose the case [1][3]. Group 1: Legal Context - The IEEPA allows the President to impose trade restrictions during a national emergency, which the Trump administration has used to implement tariffs on various imports [3]. - The legality of these tariffs has been challenged in court, with previous rulings indicating that the IEEPA does not authorize such tariffs [4][9]. Group 2: Lawsuit Details - Costco filed its lawsuit on November 28, seeking a declaration that the tariffs are illegal, an injunction against further tariffs, and a full refund of all tariffs paid [4]. - The lawsuit reflects concerns that even if the Supreme Court rules against the Trump administration, companies may not automatically receive refunds for tariffs already paid [4][8]. Group 3: Broader Implications - Other notable companies, including Revlon and Kawasaki, have also filed similar lawsuits, indicating a trend among both large and small businesses to seek refunds for tariffs [6]. - The potential financial implications for the U.S. government could involve repaying a significant portion of the $195 billion in tariffs collected as of September 30 [8]. Group 4: Legal Strategy - The lawsuits are positioned as class actions to ensure that all affected parties can seek relief, given the uncertainty surrounding individual claims for refunds [7][9]. - Legal experts suggest that the outcome of these cases could set a precedent for how tariffs are handled in the future, particularly regarding the scope of judicial remedies available [9].