Colorado-based shoemaker Crocs, Inc. slapped the Trump administration with a $54 million lawsuit, claiming the president overstepped his authority with emergency tariffs that have cost the company hundreds of millions over the last two consecutive quarters.
The footwear giant filed the suit Friday in the U.S. Court of International Trade in New York City, naming U.S. Customs and Border Protection, the U.S. Department of Treasury, the U.S. Department of Homeland Security, and the Office of the U.S. Trade Representative, the Denver Business Journal reported.
Trump administration officials, including Homeland Security Secretary Kristi Noem, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick, were also named in the action seeking $54 million in tariff refunds.
LoafedBurrito @lemmy.world - 2day
More companies need to sue and put media pressure on them to remove the tariffs.
The problem is, the trump crime family is making money hand over fist now, so they won't stop anything they are doing. No matter how illegal it is, they must grift 24/7.
28
SpontaneousCombustion @lemmy.world - 2day
Colorado-based shoemaker Crocs, Inc. slapped the Trump administration with a $54 million lawsuit, claiming the president overstepped his authority with emergency tariffs that have cost the company hundreds of millions over the last two consecutive quarters.
Hundreds of millions! In 6 months. Crazy.
21
Almacca @aussie.zone - 1day
Who knew crocs were selling that well.
5
MagicShel @lemmy.zip - 2day
Why only sue for $54 million? That seems puzzling. Were their losses only partly due to tariffs?
14
LastYearsIrritant @sopuli.xyz - 2day
They are suing for the cost of the tariffs they paid + interest.
23
MagicShel @lemmy.zip - 2day
That's not hundreds of millions of dollars, which is their claimed losses.
2
Maven (famous) - 1day
They claim they lost hundreds of millions due to the increase in cost of the crocs but the tarrif + interest is a tangible number. I imagine this is tactical.
9
Custard @lemmy.world - 2day
I assume that's direct tariff costs on them. The extra might be the increased costs of materials, etc. Just guessing though
MicroWave in politics @lemmy.world
Trump admin hit with $54 million lawsuit from major shoe company: report
https://www.rawstory.com/amp/trump-tariffs-lawsuit-2674823150Colorado-based shoemaker Crocs, Inc. slapped the Trump administration with a $54 million lawsuit, claiming the president overstepped his authority with emergency tariffs that have cost the company hundreds of millions over the last two consecutive quarters.
The footwear giant filed the suit Friday in the U.S. Court of International Trade in New York City, naming U.S. Customs and Border Protection, the U.S. Department of Treasury, the U.S. Department of Homeland Security, and the Office of the U.S. Trade Representative, the Denver Business Journal reported.
Trump administration officials, including Homeland Security Secretary Kristi Noem, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick, were also named in the action seeking $54 million in tariff refunds.
More companies need to sue and put media pressure on them to remove the tariffs.
The problem is, the trump crime family is making money hand over fist now, so they won't stop anything they are doing. No matter how illegal it is, they must grift 24/7.
Hundreds of millions! In 6 months. Crazy.
Who knew crocs were selling that well.
Why only sue for $54 million? That seems puzzling. Were their losses only partly due to tariffs?
They are suing for the cost of the tariffs they paid + interest.
That's not hundreds of millions of dollars, which is their claimed losses.
They claim they lost hundreds of millions due to the increase in cost of the crocs but the tarrif + interest is a tangible number. I imagine this is tactical.
I assume that's direct tariff costs on them. The extra might be the increased costs of materials, etc. Just guessing though