FedEx sues Trump administration for tariff refunds
Financial Times • • nation
Key Points:
- FedEx has filed a lawsuit against the US government seeking a full refund of tariffs paid under Donald Trump’s emergency levies, following the Supreme Court ruling that found these tariffs illegal under the International Emergency Economic Powers Act (IEEPA).
- The Supreme Court ruled that the president lacked authority to impose tariffs using emergency powers but did not decide on whether the government must refund the collected tariff revenue, estimated at over $160 billion.
- The US Court of International Trade (CIT) is expected to address the refund issue, with many companies filing cases for repayment after the Supreme Court decision.
- FedEx emphasized its commitment to supporting customers through regulatory changes and has taken steps to protect its rights as an importer by seeking duty refunds from US Customs
