FedEx has filed a lawsuit in the U.S. Court of International Trade, seeking a refund for tariffs imposed by former President Donald Trump under emergency economic powers.
The move follows a Supreme Court decision ruling 6-3 that Trump overstepped his authority in levying tariffs through the International Emergency Economic Powers Act (IEEPA).
What we’re watching: Trade attorneys expect a surge of lawsuits aimed at recovering some of the $175 billion in U.S. tariff collections now subject to potential refunds.
The big picture: FedEx acted as the importer of record for goods subject to IEEPA tariffs but has not disclosed the total refund amount sought.
- The lawsuit names U.S. Customs and Border Protection, its commissioner Rodney Scott, and the United States as defendants.
- Law firm Crowell & Moring, representing FedEx, also represents other major companies like Costco, Revlon, and EssilorLuxottica in similar cases.
- If contracts included tariff-related price adjustments, it may help businesses claim successful refunds.
