FedEx is the first major company to sue for a full tariff refund after Supreme Court leaves payback open-ended [Fortune]
ADIDAS AG S/ADR (ADDYY)
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Source: Fortune
left out one question: Would importers receive a refund for the potentially billions of dollars they paid in illegal tariffs? One company is demanding an answer. Recommended Video FedEx is suing the Trump administration for a full tariff refund, making it the first major company to sue for a payout since the decision. “Plaintiffs have paid IEEPA duties to the United States and thus have suffered injury caused by those orders. The relief Plaintiffs seek from this Court would redress those injuries,” the company wrote in the complaint filed on Monday in the U.S. Court of International Trade. The White House didn't immediately respond to Fortune ‘s request for comment. Last May, the company estimated operating profits would take a $1-billion hit during the current fiscal year, which ends May 31. The company is asking for a “full refund” with “interest as provided by law.” It is also asking for the government to cover attorneys' fees and other costs for bringing the action, as w
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