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I Used a Costco Cookware Set to Track the Impact of Trump's Tariffs ...
A $185 cookware set I bought from Costco in late 2024 has become my personal tariff impact tracker By Dominick Reuter You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. I got extremely lucky with the timing of my purchase of this Henckels cook set. Dominick Reuter/Business Insider 2026-04-05T09:23:01.235Z I bought a cookware set from Costco a few months before Trump started his trade war. Throughout 2025, I watched the price swing as tariffs changed — at one point, it was $105 more than I paid. Today's price is 35% more than it cost before Trump took office. A few of the things in this world that I will reliably nerd out about include supply chains, prices, and cooking — this story has all three. About two years ago, I was strolling the aisles at Costco when a 12-piece Henckels stainless steel cookware set caught my eye.I'm a big fan of iron and steel pans rather than non-stick surfaces, and our set of Henckels knives has held up well over years of use. (I'm also kind of a sucker for brand consistency in the kitchen.) Economists worry Trump's tariff formula makes harmful assumptions about trade The Henckels set in September 2024. Dominick Reuter/Business Inisder But even at Costco's warehouse club pricing, I didn't want to pay the full $184.99 it was selling for at the time, so I began periodically checking the warehouse and the app for a deal. I went so far as to memorize the item code (1816600), so I could instantly pull up the product listing.My patience was rewarded when Costco knocked $40 off the price as part of a pre-Thanksgiving promotion, and I snapped up the set for $144.99. The timing also couldn't have been better: a few months later, President Donald Trump kicked off the first moves in his trade war that would rock the global supply chain. My receipt from November 2024. Dominick Reuter/Business Insider Why these pans ended up being a surprisingly good tariff trackerAs my Business Insider colleagues and I looked for ways to measure the impact of Trump's new tariff policies on American households, we made several lists of consumer goods that could be affected. But my mind kept turning back to the pots and pans now sitting in my cupboard.Although Henckels and its parent company, Zwilling, are German names, this set is manufactured in China, which has long been one of Trump's prime targets in trade policy. And the pans are made of stainless steel and aluminum, which are among the mater...
New lawsuit says Costco raised its prices in response to tariffs - and ...
A proposed class action lawsuit filed against Costco accuses the retail giant of retaining financial benefits from federal tariffs that were recently struck down by the U.S. Supreme Court.The lawsuit, as reported by KING 5 News, was filed in the U.S. District Court for the Western District of Washington. It alleges that the company raised prices to offset the cost of import duties but has failed to commit to refunding those same customers now that the government is expected to return the funds.The dispute stems from tariffs imposed by President Donald Trump’s administration in February 2025 under the International Emergency Economic Powers Act. Seven named plaintiffs from Washington, Ohio, California and Pennsylvania claim they were charged higher prices for imported goods as the retailer passed the tax burden directly to shoppers. On February 20, the Supreme Court ruled these specific tariffs were unlawful, paving the way for businesses to reclaim billions of dollars in paid duties.Lawyers for the plaintiffs argue that Costco now stands to collect the same money twice — once from the customers who paid inflated prices at the checkout and a second time via government refunds. Plaintiffs argue that CEO Ron Vachris’s plan to use refunds for future price cuts fails to compensate the specific shoppers who actually bore the financial burden of the tariffs between 2025 and 2026 (Getty)The complaint describes this as a form of unjust enrichment, noting that while Costco has actively pursued its own litigation to recover the duties, it has not promised to redistribute those specific refunds to the customers who originally bore the cost.Chief Executive Ron Vachris previously told analysts that any potential tariff refunds would be used to provide lower prices and better value for customers in the future. However, the lawsuit contends this approach would only benefit a general group of future shoppers rather than the specific people who were financially disadvantaged during the tariff period between February 2025 and February 2026.Evidence cited in the filing includes Costco’s own public acknowledgments during earnings calls that tariffs were influencing its pricing strategies. The plaintiffs also point to the fact that the retailer reduced prices on certain items once the tariff pressure had eased, which they claim demonstrates a direct link between the federal duties and the higher costs previously paid by members.If successful, the lawsuit would cover any shopper...
Trump Tariffs: Track Targeted Goods, Trade Deals and Economic Impact ...
Keep up with the latest deals, which goods are being targeted by US tariffs and what the economic impacts are across global economies
Tracking the Economic Effects of Tariffs | The Budget Lab at Yale
Tariff revenue: The 2025 tariffs have raised an estimated $ 214.7 billion in inflation-adjusted customs revenue above the 2022-2024 average as of February 2026 , with the effective tariff rate reaching 10.6 % in January 2026 .
