FedEx sues US government, seeking ‘full refund’ over Trump tariffs
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FedEx is suing the U.S. government, specifically U.S. Customs and Border Protection, seeking a "full refund" of tariffs imposed under the Trump administration. The lawsuit, filed in the U.S. Court of International Trade, follows a Supreme Court ruling that deemed Trump's use of emergency powers to impose the tariffs illegal. FedEx argues that the tariffs were unlawful and seeks reimbursement for duties paid. While the Supreme Court ruling didn't address refunds, FedEx is acting to protect its rights as an importer. The lawsuit is the first major attempt to recoup a portion of the estimated $175 billion in tariffs collected, and other companies are expected to follow suit.
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AI-ExtractedRefunds of billions of dollars would have significant consequences for the US treasury.
The court made clear that Congress retains the sole authority to levy taxes under the constitution.
The lawsuit marks the first attempt by a major company to receive reimbursement of their share of an estimated $175bn in levies.
The US supreme court deemed Trump's tariffs illegal last week.
FedEx sued the US government, seeking a refund for tariffs imposed by Donald Trump.
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