The news report stated -
The company noted a looming Dec. 15 deadline that could prevent the tariffs that it has already paid on an estimated basis from being refunded.
Costco’s suit, filed in the U.S Court of International Trade, said that U.S. Customs and Border Protection denied the company’s request to extend the Dec. 15 date of so-called liquidation, the final computation of tariffs assessed on imported items.
Chief Financial Officer Gary Millerchip said that —
while Costco was seeing a direct impact from tariffs on imports of some fresh food items from Central and South America, it decided not to increase prices "because they are key staple items" for its customers.
The court filing is at storage.courtlistener.com/…
Few other companies have filed similar suits. From www.nbcnews.com/… —
Global cosmetics giant Revlon, eyeglass maker EssilorLuxottica, motorcycle manufacturer Kawasaki, canned foods seller Bumble Bee, Japanese auto supplier Yokohama Tire and many smaller firms have also filed similar suits.
Earlier this year, Costco and its shareholders overwhelmingly voted against proposals/threats from the White House targeting its DEI programs.
From www.diversityresources.com/...
Costco’s leadership reaffirmed that DEI isn’t just a box to check, it’s central to their employee strategy and rooted in the company’s core ethics.
Bravo, Costco! You have principles, you have guts and you have heart.
Let’s all send some business their way, instead of filling the coffers of giant retailers like Amazon, who have sold their souls to this White House. Let’s also make some noise and good trouble over this, so that other businesses can find the the courage to stand up to this regime instead of bending the knee.