As the U.S. Supreme Court reviews the so-called "reciprocal tariff" lawsuit, about 1,000 corporations have filed suits seeking tariff refunds, Bloomberg reported on the 8th local time.
According to Bloomberg, as of the 6th, corporations in the United States had filed a total of 914 lawsuits seeking tariff refunds, and because multiple corporations often join a single suit, the actual number of cases is expected to be higher.
Costco Wholesale, eyewear maker EssilorLuxottica, tire company Goodyear Tire & Rubber, Reebok, and Puma, among others across various industries, joined the lawsuits. Subsidiaries of foreign corporations also joined, including Japan's Kawasaki Heavy Industries and China's solar company "LONGi Green Energy Technology."
Bloomberg's analysis of 327 corporations that filed tariff refund suits found that "apparel and textiles" corporations were the most numerous at 30. They were followed by automobiles (29), retail (24), wholesale (24), and electrical equipment (22).
John Vecchione, senior attorney at the conservative-leaning nonprofit New Civil Liberties Alliance (NCLA) that has taken part in the litigation, said, "Everyone is jumping on the bandwagon and joining the litigation," and added, "While this is welcome, it would have been better if they had lent support from the early stages."
Most of the suits were filed after November last year, and the Supreme Court began oral arguments on the legality of the tariff on the 5th of the same month. The court has signaled a ruling in a major case on the 9th, prompting some to speculate that a tariff decision may be coming.
Bloomberg said the wave of suits by corporations is seen as a preemptive step in case the Supreme Court rules that the tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) were unlawful.