Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

FedEx sues Trump administration for full tariff refunds after Supreme Court ruling on IEEPA

News Room by News Room
March 13, 2026
Reading Time: 3 mins read
0
FedEx sues Trump administration for full tariff refunds after Supreme Court ruling on IEEPA

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

“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

President Donald Trump at the White House.

“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. 353.13 -8.26 -2.29%

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

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.

Read the full article here

ShareTweetSendSend

Related Posts

Recall reannounced for power banks after charger causes fire on plane, death to 75-year-old woman
Economy

Recall reannounced for power banks after charger causes fire on plane, death to 75-year-old woman

May 2, 2026
Trump admin to begin refunding $166B to businesses in wake of Supreme Court decision
Economy

Trump admin to begin refunding $166B to businesses in wake of Supreme Court decision

May 1, 2026
California built more homes than people over six years — so why is housing still so tight?
Economy

California built more homes than people over six years — so why is housing still so tight?

April 30, 2026
Soaring jet fuel prices threaten to drive up summer travel costs
Economy

Soaring jet fuel prices threaten to drive up summer travel costs

April 29, 2026
Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Fed chair?
Economy

Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Fed chair?

April 28, 2026
How does Fed chair nominee Kevin Warsh view the central bank's inflation goal?
Economy

How does Fed chair nominee Kevin Warsh view the central bank's inflation goal?

April 27, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • Mortgage rates tick higher as geopolitical tensions mount
  • Recall reannounced for power banks after charger causes fire on plane, death to 75-year-old woman
  • Trump admin to begin refunding $166B to businesses in wake of Supreme Court decision

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.