FedEx Sues US Government for Refunds on Tariffs Struck Down by Supreme Court
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FedEx Sues US Government for Tariff Refunds After Supreme Court Ruling
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CNBC TV18•24-02-2026, 07:12
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.
