emergency economic powers
Costco Joins Growing Legal Challenge to Trump Tariffs as Companies Seek Billions in Potential Refunds
Dec 03, 2025 02:29 pm CST
Costco has filed legal action to secure refunds on Trump's import tariffs, joining other major corporations challenging their legality. With approximately $90 billion collected through these contested tariffs and the Supreme Court currently reviewing the case, companies are racing against customs liquidation deadlines to preserve their refund rights should the tariffs be struck down.
Supreme Court to Decide Future of Trump's Tariff Strategy as Foreign Policy Tool
Nov 03, 2025 10:37 am CST
The Supreme Court is hearing arguments on President Trump's unprecedented use of tariffs as both an economic and foreign policy instrument. This pivotal case examines whether Trump exceeded his authority under the International Emergency Economic Powers Act by imposing tariffs without congressional approval, potentially reshaping presidential trade powers and foreign policy leverage for years to come.