ByAlison Durkee,
Forbes Staff.
Major companies including Costco, Revlon and Kawasaki Motors are increasingly going to court over President Donald Trump’s sweeping “Liberation Day” tariffs as the Supreme Court weighs overturning them, filing lawsuits against the Trump administration to secure refunds of their tariffs after previously staying quiet.
The Supreme Court is deliberating on whether Trump’s tariffs were lawfully imposed under the International Emergency Economic Powers Act (IEEPA), as the president claims, or if they should be overturned.
Justices signaled they were wary of the tariffs, and if the policy gets overturned, companies that already paid tariffs could get refunds for the fees they’ve already paid.
