FedEx Sues US Government for Tariff Refunds

FedEx has filed a major lawsuit against the United States government, specifically targeting United States===United States Customs and Border Protection, seeking a full refund of tariffs paid under the International Emergency Economic Powers Act (IEEPA). This action follows a United States===Supreme Court of the United States ruling that President Donald Trump exceeded his authority in imposing these tariffs, deeming them unlawful. The United States===Supreme Court of the United States did not specify whether businesses are entitled to refunds, leaving the matter to lower courts like the United States===United States Court of International Trade. FedEx, which had previously estimated a $1 billion hit to its profits due to these policies, is the first major corporation to sue post-ruling, though others like Costco, Revlon, and Bumble Bee Foods had filed similar suits earlier. The ruling is expected to trigger a wave of lawsuits, with potential repayments estimated at $175 billion. Donald Trump has indicated a willingness to litigate the issue and has threatened to impose new tariffs under different legal authorities.