Costco, Toyota & FedEx Sue Trump For Tariff Refunds Like It’s Black Friday Cashback

KEY POINTS

•On February 20, 2026, the Supreme Court ruled Trump’s International Emergency Economic Powers Act tariffs illegal, provoking a refund drama.
•Companies like Costco and Toyota filed lawsuits through late 2025 to reclaim billions in tariffs before Customs started liquidating entries in December and January.
•The tariffs collected exceeded $129 billion, hitting industries from EVs and buses to aluminum and tires, triggering a legal fight across multiple courts.

In a 2025 saga that reads like a corporate soap opera, Costco, Toyota Group subsidiaries, BYD, Goodyear, Alcoa, and FedEx decided to throw down in court for refunds on Trump’s illegal tariffs under the 1977 IEEPA law—because shockingly, that law literally never mentioned tariffs. Supreme Court struck them down Feb 20, yet Customs refuses timeline extensions on tariffs liquidation starting December. Costco even preemptively sued in December 2025 fearing their duty payments would vanish into bureaucratic ether. Toyota warned a $1.3 billion hit over two months from May 2025. BYD, China’s EV powerhouse that doesn’t even sell cars in the US but deals in buses and solar panels, joined Feb 9. Goodyear awkwardly explained tariffs changed 12 times on them, while Alcoa’s aluminum faced a brutal 50% tariff increase. FedEx, meanwhile, likely dreams of just delivering one clear refund check.