Source: Reuters (via feed)
Global transportation company FedEx filed a lawsuit in the U.S. Court of International Trade on Monday. It seeks a refund for tariffs imposed under former President Donald Trump’s emergency measures. The U.S. Supreme Court ruled these tariffs illegal last week.
FedEx argues that the tariffs were wrongly applied and wants the government to return the collected funds. The emergency tariffs had impacted imports and exports, increasing costs for many companies.
The Supreme Court decision may affect other businesses that paid or collected tariffs under the same order. FedEx’s case could set a precedent for similar refund claims. Meanwhile, the U.S. government faces pressure to address the financial consequences of the court ruling.
The suit marks a notable step in the ongoing disputes related to trade policies implemented during Trump’s administration.
FedEx’s lawsuit highlights legal and financial challenges companies face due to changes in U.S. trade policy. It underscores the impact of tariff rulings on business operations and expenses.
