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-0.000309207885343512 -0.000520771175315466 -0.000781156762973199 0.000101658873181383 -0.000943897755259251 -0.000846253159887571 -0.000387323561640832 -0.00125853034034563
Stock impact report

Costco sues Trump administration to pause tariffs, refund payments [Los Angeles Times (CA)]

Costco Wholesale Corporation (COST) 
Last costco wholesale corporation earnings: 3/5 04:15 pm Check Earnings Report
The discount retailer, a big importer, wants the U.S. government to stop imposing tariffs on goods Costco brings into the country until the Supreme Court weighs in on the legality of executive orders. According to the lawsuit filed Friday with the United States Court of International Trade, Costco wants the court to declare that the president lacks authority under the International Emergency Economic Powers Act to set tariffs, and has challenged the tariff orders as unlawful. Tariffs are taxes imposed on imported goods. Traditionally, tariffs are levied after getting congressional approval, but in February, Trump invoked a 1977 “ national emergency ” law — used for sanctions — to issue global tariff orders, bypassing the traditional process. The Supreme Court is now deliberating the legality of the tariff orders. “Whether Costco is successful through its lawsuit in getting compensated for the tariffs that it has already paid on its imports really depends on the Supreme Court' Show less Read more
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