Costco files lawsuit against Trump administration over tariffs
CBS America · Just In
CBS America
Just In
Retail giant Costco is suing the Trump administration over its sweeping tariffs. In a federal lawsuit, the company argues the president exceeded his authority when he imposed his extensive tariffs on U.S. trading partners earlier this year.
Breakdown
- Costco files federal lawsuit over Trump administration's sweeping tariffs
- Costco argues tariffs exceeded presidential authority, seeks refund and injunction 5s
- Lawsuit focuses on fentanyl and reciprocal tariffs, not sector-specific ones 36s
- Costco worries it may not recover payments after December 15 deadline 1m 11s
- So far, Costco has absorbed tariff costs, but continued tariffs may impact prices 1m 14s