Costco adds Biden Commerce Sec. Gina Raimondo to board on heels of Trump tariff lawsuit

Core Viewpoint - Costco is taking legal action to recover funds paid for tariffs imposed by the Trump administration, while also enhancing its board with the nomination of Gina Raimondo, former Commerce Secretary, to leverage her extensive experience in global business and politics [2][4]. Group 1: Legal Actions and Tariffs - Costco has filed a federal lawsuit seeking to recover the money it has paid this year for tariffs that are currently under legal dispute [4]. - The lawsuit requests a federal court to order the return of tariff payments without waiting for the Supreme Court's ruling on their legality [4]. - The retailer expresses concern that without such an order, it may not be able to reclaim the funds even if the Supreme Court rules against the tariffs [4]. Group 2: Board of Directors - Costco has nominated Gina Raimondo, former Secretary of Commerce, to its board of directors [2]. - The Chairman of Costco, Tony James, highlighted Raimondo's extensive experience in global business, politics, and international security as a valuable addition to the board [2]. - Raimondo's background includes serving as Rhode Island's treasurer and working in venture capital prior to her role in the Biden administration [2].