From Washington Examiner: FedEx is seeking a “full refund” in its Monday lawsuit against the Trump administration, following the Supreme Court’s ruling that struck down the president’s use of tariffs.
On Friday, the high court ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act to impose tariffs on foreign nations.
Immediately after the ruling, Trump announced his intention to issue global tariffs under the Trade Act of 1974. The worldwide tariff rate was initially 10% and later raised to 15%. His new tariff policy is set to face intense pushback from Congress ahead of the midterm elections.
In the meantime, companies are looking to recoup the losses they incurred from the IEEPA tariffs. FedEx appears to be the first to file a refund lawsuit following the Supreme Court’s landmark decision.
“Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States,” the federal lawsuit states.
The document was filed in the U.S. Court of International Trade against Trump’s tariffs.
FedEx seeks a refund with interest from the Trump administration for financial losses due to unpredictable trade duties.
BREAKING: Global transportation company FedEx filed a lawsuit in the US Court of International Trade seeking a refund for US President Trump’s emergency tariffs, which the US Supreme Court deemed illegal last week https://t.co/kDbbaqYyG0 pic.twitter.com/XEHfZdHyAX
— Reuters (@Reuters) February 23, 2026
Read more at Washington Examiner
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