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US Commerce Secretary Gina Raimondo speaks on the primary day of the Democratic Nationwide Conference (DNC) on the United Middle in Chicago, Illinois, on August 19, 2024.
Mandel Ngan | AFP | Getty Photographs
“We’re very happy to appoint Secretary Raimondo for election to our Board,” Costco Chairman Tony James stated in a press release.
“Her huge expertise in world enterprise, politics and worldwide safety on the highest stage will add an necessary dimension to our present experience,” James stated. “We stay up for her contributions.”
Raimondo beforehand was Rhode Island’s treasurer. Earlier than that, she labored in enterprise capital.
The Supreme Court docket final month heard arguments by the Trump administration, which is in search of to reverse decrease courtroom rulings that the wide-ranging tariffs imposed by the president this 12 months are unlawful.
Costco’s lawsuit asks a federal courtroom to order that the cash it has paid for these tariffs so far ought to be returned now, with out ready for the Supreme Court docket to rule on their final legality.
The retailer stated that with out such an order, there’s a threat it won’t be able to get again that cash even when the excessive courtroom guidelines Trump didn’t have the ability to impose the tariffs.
That is growing information. Test again for updates.
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