It seems like just yesterday I was wading through the initial court filings about the absolutely massive combined lawsuit that multiple companies including Costco and Kawasaki have lodged with the US International Trade Court. And truthfully, that's because it was just last week when I wrote it up.
It is now December 15 as I write this, and everyone involved in this case is trying their best to move it forward ahead of the customary break for the holidays. So honestly, I won't be at all surprised if I have even more updates for you before the end of the year.
Remember how the attorneys for the plaintiffs filed a motion for a preliminary injunction last week, which would temporarily suspend the US CBP from what's called 'final liquidation' of the tariffs paid while the entirety of the case is under consideration? The plaintiffs' arguments were basically that they questioned whether they'd be able to get those funds back if the Supreme Court, in the case it's currently considering about whether the IEEPA tariffs are lawful to begin with, ultimately decides that they're unlawful. Also, the plaintiffs argued, they felt that it could potentially cause them 'irreparable harm.'
