FedEx sues for refund of Trump tariffs after Supreme Court ruling
CNBC • • nation
Key Points:
- Federal Express has filed a lawsuit against the U.S. government seeking a full refund for tariffs paid under President Trump's tariffs ruled illegal by the Supreme Court last week.
- This appears to be the first major company lawsuit filed following the Supreme Court's decision that the tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unlawful.
- Other companies, including Costco, have pending lawsuits for tariff refunds at the U.S. Court of International Trade, which the Supreme Court designated as having exclusive jurisdiction over IEEPA tariff cases.
- FedEx's complaint names U.S. Customs and Border Protection, its commissioner, and the U.S. government as defendants but does not specify the total amount paid in tariffs; previously, FedEx estimated a $
