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Tariffs

Costco is joining other companies that aren't waiting to see whether the Supreme Court strikes down President Donald Trump's most sweeping import taxes. The specialized U.S. Court of International Trade in New York and the U.S. Court of Appeals for the Federal Circuit in Washington ruled earlier this year that Trump's biggest and boldest import taxes are illegal. The case is now before the Supreme Court.

Costco becomes biggest company yet to demand refund of Trump tariffs

Costco is joining other companies that aren't waiting to see whether the Supreme Court strikes down President Donald Trump's most sweeping import taxes. The specialized U.S. Court of International Trade in New York and the U.S. Court of Appeals for the Federal Circuit in Washington ruled earlier this year that Trump's biggest and boldest import taxes are illegal. The case is now before the Supreme Court.
Associated Press Finance 3h ago
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Elon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs

Elon Musk says he warned Trump against tariffs, which U.S. manufacturers blame for a turn to more offshoring and diminishing American factory jobs

U.S. manufacturing has contracted for the ninth consecutive month, fresh data found.
Fortune 4h ago
TSLA
Costco sues for Trump tariff refund, cites ‘imminent harm’

Costco sues for Trump tariff refund, cites ‘imminent harm’

The warehouse club retailer’s complaint emphasized the matter’s urgency, stating importers may not have the legal right to recover duty refunds after liquidation.
CFO Dive 6h ago
COST
The trade war was never going to fix our deficit

The trade war was never going to fix our deficit

Trump's tariffs won't alter the trajectory of our national debt or entitlements. For the economy's sake, the Supreme Court should end this abuse of power.
Fortune 7h ago
Costco takes Trump to court over mounting tariff costs

Costco takes Trump to court over mounting tariff costs

The company says looming customs deadlines could wipe out its chance to get refunds if the Supreme Court rules Trump’s tariffs unlawful
Quartz 8h ago
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Costco sues Trump administration over tariffs, seeks refund of fees

Costco sues Trump administration over tariffs, seeks refund of fees

Costco wants a "complete refund" on tariffs if the Supreme Court rules against President Donald Trump.
USA TODAY 9h ago
COST
Growth to Slow as Tariffs Bite, But AI Investments May Cushion the Blow

Growth to Slow as Tariffs Bite, But AI Investments May Cushion the Blow

The OECD forecast the global economy to expand by 2.9% next year, a slowdown from 3.2% this year.
The Wall Street Journal 11h ago
Tariffs, AI boom could test global growth's resilience, OECD says

Tariffs, AI boom could test global growth's resilience, OECD says

PARIS, Dec 2 (Reuters) - Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of the shock from U. tariff ​hikes, the OECD said on Tuesday, nudging up its outlook for some major economies.
Reuters 11h ago
Despite US trade war, OECD expects global economy will grow 3.2% this year

Despite US trade war, OECD expects global economy will grow 3.2% this year

The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year. The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a tick from 3.3% in 2024 but an improvement on the 2.9% it had predicted for 2025 back in June. The organization, which does economic research and promotes international trade and prosperity, expects global growth to slow to 2.9% next year.
Associated Press Finance 21h ago
Cyber Monday US Spending Growth Trails Europe Amid Tariffs

Cyber Monday US Spending Growth Trails Europe Amid Tariffs

Global online spending, mostly from Europe, increased 5.3% as of noon New York time compared with the year ago period, while US spending rose by 2.6%, according to Salesforce, which tracks transactions of 1.5 billion consumers. Salesforce said earlier that global Black Friday spending grew twice as fast as US sales.
Bloomberg 21h ago
CRM
Costco sues the Trump administration, seeking a refund of tariffs

Costco sues the Trump administration, seeking a refund of tariffs

Costco Wholesale sued the Trump administration in the Court of International Trade, seeking a refund of tariffs imposed under an emergency powers law.
NBC News 23h ago
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