Supreme Court's Delay In Tariff Ruling A Sign Of Potential Victory For Trump? - Costco Wholesale (NASDAQ:COST)

Group 1 - The Supreme Court's delay in ruling on the legality of Trump's tariffs may indicate a favorable outcome for the Trump administration, according to JPMorgan analysts [1][2] - The longer the court takes to decide, the more it suggests a leaning towards the Trump administration, despite predictions from legal experts [2] - The underlying case involves potential tariff refunds amounting to $135 billion [3] Group 2 - President Trump warned of severe economic consequences if the Supreme Court rules against the federal government, potentially leading to repayments of "many hundreds of billions of dollars" in tariffs already collected, with costs possibly reaching into the trillions [4] - U.S. Treasury Secretary Scott Bessent expressed confidence in the administration's ability to enforce tariff policies, citing sections of the 1962 Trade Act that grant significant authority over import duties [5] Group 3 - Costco Wholesale Corp has initiated legal action against the Trump administration for a complete refund of all duties collected under the IEEPA, raising concerns about the eligibility of other businesses for refunds if the tariffs are deemed unlawful [6] - Other companies, including Revlon Consumer Products Corp. and Kawasaki Motors Manufacturing Corp., have also filed lawsuits in a U.S. trade court regarding similar issues since late October [7]