The wholesaler is the latest company to file a lawsuit against a federal agency over the president's signature economic policy.

Costco Wholesale has filed a lawsuit against the Trump administration, asking the Court of International Trade to consider all tariffs collected under the International Emergency Economic Powers Act unlawful.

The company said in a Nov. 28 filing that it is seeking a “full refund” of all IEEPA duties paid as a result of Donald Trump's executive order which imposed what he called "reciprocal" tariffs.

“Because IEEPA does not clearly authorize the President to set tariffs...the Challenged Tariff Orders cannot stand and the defendants are not authorized to implement and collect them,” Costco's lawyer writes in the lawsuit.

Global cosmetics giant Revlon, eyeglass maker EssilorLuxottica, motorcycle manufacturer Kawasaki, canned foods seller Bumble Bee, Japanese auto supplier Yokohama Tire and many smaller firms have also filed similar suits

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[–] 249 points 11 months ago (50 children)

This is how they transfer wealth from consumers to corporations

We pay the tariffs Corporations get the tariff refund

Trickle up economics as usual

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  • [–] 43 points 11 months ago (12 children)

    From the article:

    In May, on Costco's earnings call, Chief Financial Officer Gary Millerchip told investors that about a third of Costco's sales in the U.S. are imported products. Millerchip said items imported from China represented about 8% of total U.S. sales.

    Millerchip said that while Costco was seeing a direct impact from tariffs on imports of some fresh food items from Central and South America, it decided not to increase prices "because they are key staple items" for its customers.

    Some of those fresh food items included pineapples and bananas. "We essentially held the price on those to make sure that we're protecting the member," he said.

    In September, Millerchip told analysts: "We continue to work closely with our suppliers to find ways to mitigate the impact of tariffs, including moving the country of production where it makes sense and consolidating our buying efforts globally to lower the cost of goods across all our markets."

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  • [+] -19 points 11 months ago (10 children)

    That’s great but only represents Costco. I purchased a lot of things not from Costco that had explicit tariff surcharges on them

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  • [–] 46 points 11 months ago (9 children)

    Ok? This article is about Costco

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  • [+] -18 points 11 months ago (8 children)

    It’s also generally about corporations receiving the tariff refunds and not us

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  • [–] 26 points 11 months ago (7 children)

    No. That's what we call "hijacking the thread", which is just plain rude.

    ¯\_(ツ)_/¯

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  • [–] -4 points 11 months ago (5 children)

    The article literally says Costco is just the latest company to file suit and lists a bunch of other companies too

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  • [–] 16 points 11 months ago (4 children)

    The article is literally about Costco. They throw in a single line at the very end about some other companies.

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  • [+] -7 points 11 months ago (3 children)

    Yes it’s about Costco filing suit to get a refund for the tariffs they paid, just like every other company that filed the same suit as mentioned

    It is not just about Costco it’s about corporations suing the government to get tariff refunds

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  • [–] 16 points 11 months ago (2 children)

    So, the focus is the article is ...the brief side note where they mention the other companies??

    What the fuck ever, dude.

    ༼ つ ◕_◕ ༽つ

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  • [–] 134 points 11 months ago (15 children)

    If you look at Costco's actions in the past they have been pretty fair for their customers. Costco is actually in a very good position where they know exactly who bought what and Costco can issue refunds to their customers based on that data. Even if they just do it as 'store credit' it would still be very welcome to most of their customers and that would help to offset Costco's administrative costs of determining the refund amounts for everyone.

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  • [–] 36 points 11 months ago (3 children)

    I've also heard that costco doesn't suck to work for as far as retail goes and many will actually work most of their career there.

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  • [–] 109 points 11 months ago (10 children)

    I like Costco as much as the next person but they will absolutely not be refunding us based on what we purchased lol

    I’ll happily eat these words but im fairly certain I won’t have to

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  • [–] 104 points 11 months ago (3 children)

    The article states that on a bunch of items they’ve just been eating the cost so they’ve been paying the tariffs instead of passing them on. For those cases, there is nothing to refund to the consumers.

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  • [–] 19 points 11 months ago (2 children)

    Yeah but it doesn’t state they’ve eaten the tariffs on everything just certain staple items

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  • [–] 14 points 11 months ago (4 children)

    Nah as it stands, costco is a bro.

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  • [–] 0 points 11 months ago (3 children)

    Used to be then they became one of the worst customer service sites to visit. I hate Walmart and Sam's club with a passion, but damn if their denial of my kids to run inside and go to the bathroom while I got gas pissed me off to no end.

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  • [–] 3 points 11 months ago (2 children)

    This is what I hate about these places. You need your membership card to check out. All the items are too big to fit under your coat which thwarts shoplifting to some degree.

    Why the hell do you need to see my card at the door? Just put a scanner with turnstiles at the front of shop if it's that big of an issue.

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  • [–] 10 points 11 months ago (16 children)

    Maybe. It depends on if they raised prices first to capture the losses. I know that seems like what a business would do first and what everyone predicted, but did they?

    If it's true, then Costco just needs to give away free hot dogs meals (drink and side) to their patrons for a year.

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  • [+] 16 points 11 months ago (14 children)
  • [+] 7 points 11 months ago (14 children)
  • [–] -1 points 11 months ago* (13 children)

    What do you think quoted price means…? That’s the risk you take when you quote stuff and prices change within the time they accept it.

    Lots of material goods change prices daily.

    Not holding up your original quoted price is how you lose business and your business in general. You seem to think that you can just choose to not hold up your end of the agreed upon contract? Yikes.

    But hey, such a good business doing what you originally agreed to!

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  • [–] 5 points 11 months ago* (12 children)

    There's a difference between lamenting the reality of honoring a quote after things change and wishing you didn't need to. They're saying they wish the government would pay them back for the tariff, not that they wish they could've passed it on to the customer.

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  • [–] -5 points 11 months ago* (last edited 11 months ago) (11 children)

    So they want the government to fix a regular issue with quoted work…? The price is expected to change, that’s why you quote to begin with…. It’s likely they don’t even know how their system works.

    That’s even worse lmfao.

    It’s quoted work, it’s volatile already, and the customers game it if they know the material goods in going down. Don’t like it? Don't quote work. It’s not even a relevant detail to their gripe, just bitching for the sake of bitching at this point.

    The price would be different with or without tariffs, but complain without realizing how the system works I guess.

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  • [–] 2 points 11 months ago (9 children)

    They aren't just saying "wahhh government, pwease pay the difference of this quote" they're specifically replying to a thread about a company suing the government for tariff reimbursements and talking about a tariff making the price go up after the quote.

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  • [–] 0 points 11 months ago* (1 child)

    Fucking LOL, they responded and guess what, you were wrong! What a shocker!

    https://lemmy.world/comment/20811506

    You know what they say about assuming? Makes an ASS out of you and me, but you’re the only ass here, but that’s also not surprising. Since you’re just a petty little troll.

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  • [–] -3 points 11 months ago* (6 children)

    Did you miss the detail about the VENDOR increasing price? Their build cost went up, not the price. This would happened irregardless of tariffs, and is expected.

    I guess if you ignore details they specify, you could take that from their comment.

    But again, person is just bitching for the sake of bitching, the provided details show they either don’t understand how the system work, or just bitching.

    They want to applauded for doing what they agreed to, it’s bloody laughable. As a small business owner myself it’s attitudes like this that make the rest look bad.

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  • [–] 3 points 11 months ago (5 children)

    As a small business owner myself it’s attitudes like this that make the rest look bad.

    After going through three days of my comments to down vote them all, you don't need help making yourself look bad. You handled that quite well yourself.

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  • [+] -6 points 11 months ago* (4 children)

    Ah yes, downvote a couple stupid comments you’ve made and suddenly I went through “days”.

    How petty and sad is it that you even went and looked lol?

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  • [–] 3 points 11 months ago* (3 children)

    How petty and sad is it that you even went and looked

    Coming from the person who just admitted to going through days of my comments to down vote them.

    Also, for those watching from home, it was over a dozen comments. Not "a couple."

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  • [–] 0 points 11 months ago* (1 child)

    lol, seriously? Do you check your comments religiously to see how they are being voted on? This has to be the saddest thing I’ve seen online in long while.

    Mind you, from your comments we can see that you’re just an incredibly aggressive person and frequently get downvoted. So of course you would want to know who it is and harass them.

    You’re exactly the reason public logs are an issue. You think every thing is a slight against you. Don’t say stupid shit, don’t get downvoted, what a shocker.

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  • [–] 0 points 11 months ago* (last edited 11 months ago)

    lol, seriously? Do you check your comments religiously to see how they are being voted on? This has to be the saddest thing I’ve seen online in long while.

    It's very funny to me that you do something petty and get caught, and your only defense is "oh yeah? Well it's actually sad that you noticed I did this."

    Mind you, from your comments we can see that you’re just an incredibly aggressive person and frequently get downvoted. So of course you would want to know who it is and harass them.

    The passive aggressive thing going on is harassing me by down voting all my posts. You're just upset that you got caught.

    You’re exactly the reason public logs are an issue. You think every thing is a slight against you. Don’t say stupid shit, don’t get downvoted, what a shocker.

    Obviously you think public logs are a problem because you got caught being petty and passive aggressive.

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