Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
How an apparent Jeffrey Epstein suicide note ended up in the hands of his quadruple-murderer roommate

How an apparent Jeffrey Epstein suicide note ended up in the hands of his quadruple-murderer roommate

May 7, 2026
Mark Cuban says you should ask 5 questions about your company and its leadership

Mark Cuban says you should ask 5 questions about your company and its leadership

May 7, 2026
Victoria Beckham says one piece of advice changed how she thinks about mom guilt

Victoria Beckham says one piece of advice changed how she thinks about mom guilt

May 7, 2026
DoorDash CEO says AI is making engineers faster, but productivity isn’t everything

DoorDash CEO says AI is making engineers faster, but productivity isn’t everything

May 7, 2026
I moved to 3 countries in 5 years searching for the perfect remote-work base. One city made life feel easy.

I moved to 3 countries in 5 years searching for the perfect remote-work base. One city made life feel easy.

May 7, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
May 7, 2026 4:56 am EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home » A Costco shopper is suing, saying members deserve a slice of any tariff refunds
A Costco shopper is suing, saying members deserve a slice of any tariff refunds
Markets

A Costco shopper is suing, saying members deserve a slice of any tariff refunds

News RoomBy News RoomMarch 12, 20264 ViewsNo Comments

A Costco member in Illinois wants the wholesale club’s legendary refund policy to extend to Trump’s illegal tariffs.

Lawyers for Matthew Stockov filed a complaint in federal court on Wednesday seeking repayment for his share of any tariff refunds that Costco receives from its own lawsuit against US Customs and Border Protection.

“Costco is poised to be paid twice for the same unlawful tariff burden,” the filing says, referring to President Donald Trump’s tariffs that were struck down last month by the Supreme Court and the US Court of International Trade’s subsequent ruling that importers of record are due refunds.

Multiple studies have found that US consumers have ultimately borne the brunt of Trump’s tariffs through higher retail prices.

At issue in the Costco member’s suit is the concept of “double recovery,” which means Costco could ultimately recover money from both the government and its customers for the same expenses.

Costco did not immediately respond to a request for comment from Business Insider.

Stockov, in the complaint, says he paid higher prices on tariffed items, including electronics, small appliances, household goods, food, and health and hygiene products.

The suit comes less than a week after Costco CEO Ron Vachris pledged to pass along any refunds the company receives via “lower prices and better values” for members.

Vachris also said on the earnings call that the multi-layered nature of certain tariffs, along with the company’s efforts to mitigate them, makes tracing the item-level impact especially challenging.

That’s not satisfying to Stockov and other members in his situation, the suit says.

“Returning value ‘through lower prices’ to an indeterminate group of future shoppers is not restitution,” it said. “It is a commitment to benefit future purchasers at the expense of past ones.”

FedEx is facing a similar lawsuit from customers seeking their share of any funds the shipping giant receives from its own refund case.

In most cases, those tariff charges have been separately itemized for each parcel, and the company said it intends to issue refunds pending “future guidance from the government and the court.”



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Mark Cuban says you should ask 5 questions about your company and its leadership

Mark Cuban says you should ask 5 questions about your company and its leadership

DoorDash CEO says AI is making engineers faster, but productivity isn’t everything

DoorDash CEO says AI is making engineers faster, but productivity isn’t everything

The US military flew an experimental, hybrid-electric stealth drone shaped like the B-2 Spirit

The US military flew an experimental, hybrid-electric stealth drone shaped like the B-2 Spirit

Sam Altman’s management style comes under the microscope at OpenAI trial

Sam Altman’s management style comes under the microscope at OpenAI trial

The ‘Meme King’ is turning eBay listings into takeover theater

The ‘Meme King’ is turning eBay listings into takeover theater

These airlines have cut the most flights this summer as jet fuel prices skyrocket

These airlines have cut the most flights this summer as jet fuel prices skyrocket

Claude Code creator Boris Cherny is sick of the phrase ‘vibe coding’

Claude Code creator Boris Cherny is sick of the phrase ‘vibe coding’

DoorDash is budgeting 0 million for driver gas benefits so far this year — and counting

DoorDash is budgeting $100 million for driver gas benefits so far this year — and counting

The 5 best Colleen Hoover books — and 5 you can skip

The 5 best Colleen Hoover books — and 5 you can skip

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Mark Cuban says you should ask 5 questions about your company and its leadership

Mark Cuban says you should ask 5 questions about your company and its leadership

May 7, 2026
Victoria Beckham says one piece of advice changed how she thinks about mom guilt

Victoria Beckham says one piece of advice changed how she thinks about mom guilt

May 7, 2026
DoorDash CEO says AI is making engineers faster, but productivity isn’t everything

DoorDash CEO says AI is making engineers faster, but productivity isn’t everything

May 7, 2026
I moved to 3 countries in 5 years searching for the perfect remote-work base. One city made life feel easy.

I moved to 3 countries in 5 years searching for the perfect remote-work base. One city made life feel easy.

May 7, 2026
The US military flew an experimental, hybrid-electric stealth drone shaped like the B-2 Spirit

The US military flew an experimental, hybrid-electric stealth drone shaped like the B-2 Spirit

May 7, 2026

Latest News

Sam Altman’s management style comes under the microscope at OpenAI trial

Sam Altman’s management style comes under the microscope at OpenAI trial

May 6, 2026
The ‘Meme King’ is turning eBay listings into takeover theater

The ‘Meme King’ is turning eBay listings into takeover theater

May 6, 2026
These airlines have cut the most flights this summer as jet fuel prices skyrocket

These airlines have cut the most flights this summer as jet fuel prices skyrocket

May 6, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.