The US government initiated a repayment scheme allowing importers to submit claims against a $130B fund set up to refund tariffs previously collected on goods. Eligible companies must provide detailed duty records within the designated filing period to secure partial reimbursements.

Costco has submitted its petition to recover a portion of duties paid on imports, aiming to lower its cost of goods sold. Approved refunds could enhance gross margins by reducing net import expenses and bolster operating cash flow for inventory and capital deployment.