Close Menu
    Latest Posts

    US consumer confidence edges up in June; labor market perceptions deteriorate

    June 30, 2026

    RBA outlines monetary tools for stimulus when rates are low

    June 30, 2026

    What You Need to Know

    June 30, 2026
    Facebook X (Twitter) Instagram
    Trending
    • US consumer confidence edges up in June; labor market perceptions deteriorate
    • RBA outlines monetary tools for stimulus when rates are low
    • What You Need to Know
    • Has Stock Market Exuberance Become Irrational?
    • Trump, Iran issue mixed messages on talks in Qatar
    • AI Memory Chips Spark Inflation Worries
    • Del Monte Corporation Reunites After 37 Years
    • Comcast to spin off NBCUniversal and Sky into separate media business | NBC Universal
    Facebook X (Twitter) Instagram
    MoneyLister – Smart Investing & Financial NewsMoneyLister – Smart Investing & Financial News
    Tuesday, June 30
    • Home
    • Banking
    • Business
    • Crypto
    • Economy
    • Fintech
    • Investing
    • Markets
    • Stocks
    MoneyLister – Smart Investing & Financial NewsMoneyLister – Smart Investing & Financial News
    Home»Business»FedEx sues US government for refund of President Donald Trump tariffs
    Business

    FedEx sues US government for refund of President Donald Trump tariffs

    AdminBy AdminFebruary 24, 2026No Comments4 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    FedEx sues US government for refund of President Donald Trump tariffs
    Share
    Facebook Twitter Pinterest Email Copy Link

    FOX Business host Larry Kudlow discusses the ramifications of the Supreme Court striking down the president’s tariffs on ‘Kudlow.’

    FedEx sued the U.S. government Monday, seeking a full refund of tariffs assessed under President Donald Trump’s order targeting imports.

    The lawsuit is one of the highest-profile moves by a major American company following the Supreme Court’s 6-3 ruling Friday, which determined that the president did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose such tariffs.

    The complaint, filed against the government and U.S. Customs and Border Protection (CBP) in the Court of International Trade, alleges FedEx incurred costs to expedite shipments through customs and is entitled to a refund of duties with interest, as well as compensation for the financial harm it suffered.

    “Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States,” FedEx said in the lawsuit.

    SUPREME COURT DEALS BLOW TO TRUMP’S TRADE AGENDA IN LANDMARK TARIFF CASE

    The lawsuit does not disclose how much FedEx has paid in tariffs.  (FedEx)

    “Supporting our customers as they navigate regulatory changes remains our priority,” the company told FOX Business. 

    “FedEx has taken necessary action to protect the company’s rights as an importer of record to seek duty refunds from U.S. Customs and Border Protection following the U.S. Supreme Court’s ruling that the tariffs issued under the International Emergency Economic Powers Act (IEEPA) are unlawful.”

    The lawsuit does not disclose how much FedEx has paid in tariffs. However, in September, the shipping giant said it expected a $1 billion hit to fiscal-year earnings from U.S. trade policies, only part of which involved IEEPA duties. 

    US TARIFF REVENUE UP 300% UNDER TRUMP AS SUPREME COURT BATTLE LOOMS

    FedEx sued the U.S. government, seeking a full refund of tariffs assessed under President Donald Trump’s emergency order targeting imports. (Anna Moneymaker/Getty Images / Getty Images)

    “While the Supreme Court did not address the issue of refunds, FedEx has taken necessary action to protect the company’s rights as an importer of record to seek duty refunds from U.S. Customs and Border Protection,” the company said on its website. 

    “At this time, however, no refund process has been established by regulators or the courts,” it added. “We will communicate any relevant information and updates in a timely manner, and we appreciate your patience as we wait for additional guidance and clarity from the U.S. government and the courts.”

    The suit names CBP Commissioner Rodney S. Scott and the U.S. as defendants.

    FedEx is represented by Washington, D.C.–based Crowell & Moring, which also represents Costco and Revlon in IEEPA tariff refund cases filed before the Supreme Court’s ruling Friday.

    WILL REFUNDS BE ISSUED AFTER SUPREME COURT RULING ON TRUMP TARIFFS?

    Ticker Security Last Change Change % FDX FEDEX CORP. 383.71 -4.77
    -1.23%

    In February 2025, Donald Trump invoked the IEEPA to impose duties on imports from China, Canada and Mexico, citing national security concerns and unfair trade practices. Then in April, he expanded the measures into reciprocal tariffs targeting 57 countries.

    In effect, U.S. businesses and consumers paid more than $175 billion in duties. 

    On Friday, the Supreme Court ruled in Learning Resources, Inc. v. Trump that IEEPA does not authorize Trump to impose tariffs, confirming that the Court of International Trade has exclusive jurisdiction over the IEEPA tariffs.

    FedEx alleges it incurred costs to expedite shipments through customs and is entitled to a refund of duties with interest. (Steve Russell/Toronto Star via Getty Images / Getty Images)

    GET FOX BUSINESS ON THE GO BY CLICKING HERE

    While CBP continued collecting the duties during the pending litigation, it announced that IEEPA duty collection would cease Tuesday.

    The White House and CBP did not immediately respond to FOX Business’ request for comment.

    Donald FedEx government President refund sues tariffs Trump
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Admin
    • Website

    Related Posts

    Fintech

    Trump, Iran issue mixed messages on talks in Qatar

    June 30, 2026
    Business

    Comcast to spin off NBCUniversal and Sky into separate media business | NBC Universal

    June 29, 2026
    Business

    Medicare will soon cover obesity drugs, but many seniors may not know

    June 28, 2026
    Business

    Warriors, IREN set sponsorship deal record with annual $50 million pact: report

    June 27, 2026
    Economy

    Import Tariffs and Illegal Immigration: A Strategic Analysis

    June 26, 2026
    Business

    Allegra Des Moines awards 2026 FootPRINT Fund Grant

    June 25, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    US consumer confidence edges up in June; labor market perceptions deteriorate

    June 30, 2026

    RBA outlines monetary tools for stimulus when rates are low

    June 30, 2026

    What You Need to Know

    June 30, 2026

    Has Stock Market Exuberance Become Irrational?

    June 30, 2026
    Latest Posts

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About Us

    Welcome to MoneyLister.com — your trusted source for reliable insights in the world of finance, investing, and digital assets.

    At MoneyLister, our mission is simple: to make complex financial topics easy to understand and accessible to everyone. Whether you're a beginner exploring cryptocurrency, an investor tracking the stock market, or a professional staying updated on global business trends, we provide clear, informative, and up-to-date content to help you stay ahead.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts

    US consumer confidence edges up in June; labor market perceptions deteriorate

    June 30, 2026

    RBA outlines monetary tools for stimulus when rates are low

    June 30, 2026

    What You Need to Know

    June 30, 2026
    Recent Posts
    • US consumer confidence edges up in June; labor market perceptions deteriorate
    • RBA outlines monetary tools for stimulus when rates are low
    • What You Need to Know
    • Has Stock Market Exuberance Become Irrational?
    • Trump, Iran issue mixed messages on talks in Qatar
    © 2026 moneylister. Designed by Pro.
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms and Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.