More companies seek refunds from US after Trump tariffs ruled illegal
AP News • • nation
Key Points:
- FedEx has filed a lawsuit against the U.S. government seeking a refund for tariffs imposed under President Trump, following a Supreme Court ruling that declared these tariffs illegal.
- Over 1,000 companies, including major corporations like Costco and Revlon, have also filed suits in the U.S. Court of International Trade to recoup costs from these tariffs.
- Legal experts anticipate that each refund case will likely be handled individually, with the Court of International Trade potentially adjudicating many claims if the government does not establish a refund process.
- The National Retail Federation welcomed the Supreme Court ruling, urging a smooth refund process to help businesses reinvest and stimulate the economy.
- The Supreme Court struck down tariffs imposed under an emergency powers
