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Costco sued by customer seeking tariff refunds

The proposed class action suit seeks to recoup IEEPA-tariff costs an Illinois customer alleges the retailer passed on to him and other consumers through higher prices.

Costco is one of a number of companies, including the delivery company FedEx and the maker of Ray-Ban sunglasses Essilor Luxottica, to be hit by lawsuits filed in the wake of the Supreme Court decision by retail customers seeking to recoup the increased tariff-related charges they paid, according to the Associated Press.  

For CFOs, the litigation by consumers underscores another key issue in the complex path to obtaining tariff refunds that finance leaders must address. In addition to preserving their legal rights to any IEEPA duties paid, Luis “Lou” Abad, principal in the trade and customs group at KPMG, said importers who paid the tariffs on goods must carefully assess both their plans for using any refunds that they may receive along with any obligations or arrangements they may have for sharing the cost of the tariffs.  

Costco sued by customer seeking tariff refunds | Retail Dive

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