Major Companies Sue Government Over Tariffs
Update: 2025-12-08
Description
Major companies, including Costco and Revlon, are challenging tariffs imposed during the previous administration, arguing they were unlawfully implemented. Over seventy companies have filed lawsuits in the US Court of International Trade, seeking refunds and blocking future charges. The legal challenge centers around the International Emergency Economic Powers Act, with companies arguing its meant for targeted sanctions, not broad tariffs. This shift sees large multinational corporations joining in, claiming the duties have distorted trade and increased costs. The Supreme Court is expected to rule on the legality of these tariffs by June 2026.
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