FedEx Sues US Government for Tariff Refunds After Supreme Court Ruling

• FedEx has filed a lawsuit against the US government to recover tariffs paid under levies imposed by President Donald Trump, which the Supreme Court recently ruled illegal.
• The case, filed in the US Court of International Trade in New York, is the first by a major US corporation seeking repayment following the Supreme Court's decision.
• The Supreme Court held that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unlawful.
• FedEx seeks a full refund of all IEEPA duties paid to the United States, naming US Customs and Border Protection, its commissioner, and the US government as defendants.
• While the total amount is unspecified, FedEx previously warned of a $1 billion earnings hit from US trade policies, though not all tied to IEEPA duties.