Corporate America is bracing for a messy tariff reckoning as companies rush to court to preserve billions in potential refunds if the Supreme Court overturns Trump-era levies.


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Promote with Leviathan News"In a complaint filed last week with the trade court in New York, Costco said it is demanding the money back now “to ensure that its right to a complete refund is not jeopardized.″ The operator of warehouse-sized stores expressed concern that it might struggle to get a refund once its tariff bills have been finalized — a process called “liquidation” — by the Customs and Border Protection agency, a process Costco says will start Dec. 15. Importers have 180 days after liquidation to protest the tariff bills. Costco worries that “their timeline might be whittled away depending on how long it takes to get a Supreme Court decision,” Adetutu said. Revlon and canned seafood and chicken producer Bumble Bee Foods have made similar arguments in the trade court."
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