- cross-posted to:
- world@quokk.au
- cross-posted to:
- world@quokk.au
The wholesaler is the latest company to file a lawsuit against a federal agency over the president’s signature economic policy.
Costco Wholesale has filed a lawsuit against the Trump administration, asking the Court of International Trade to consider all tariffs collected under the International Emergency Economic Powers Act unlawful.
The company said in a Nov. 28 filing that it is seeking a “full refund” of all IEEPA duties paid as a result of Donald Trump’s executive order which imposed what he called “reciprocal” tariffs.
“Because IEEPA does not clearly authorize the President to set tariffs…the Challenged Tariff Orders cannot stand and the defendants are not authorized to implement and collect them,” Costco’s lawyer writes in the lawsuit.
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
The notion that Costco is providing a benefit to families is grotesque. They were just in on the ground floor of destroying our socio-economic fabric. A world full of Costcos is just a different capitalist hellscape.
I’m basically done with the “better is better” argument…it’s a false dichotomy. It’s why I compare Costco to Franco: at least Franco didn’t do a holocaust.
ELI5: What so you mean by “better is better”? And what is it about Costco that is so bad?
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Sorry, I’m referring to the “better is better” argument many so-called liberals make: where we’re presented with a false choice and make apologies for one of the bad choices. Democrats v Republicans is an example. In this case it’s Destructive capitalism v Nuclear Capitalism. I just can’t say nice things about Costco because they’re part of the continuum of late stage capitalism that lead to what we’re seeing today.