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Stock impact report

FedEx sues Trump administration for tariff refunds after Supreme Court ruling [MSNBC.com]

ESSILOR LXTTCA UNSP/ADR (ESLOY) 
NASDAQ:AMEX Investor Relations: essilor.com/en/investors
Company Research Source: MSNBC.com
FedExsued the Trump administrationTheSupreme Court ruled"Accordingly ... Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States," lawyers for FedEx wrote in the lawsuit, lodged at the Customs and Border Protection Agency in the U.S. Court of International Trade.FedEx says that during the period when tariffs were in effect under the IEEPA law, it imported goods from countries subject to the duties. It says it "paid IEEPA duties to the United States and thus [has] suffered injury caused by those orders."The global logistics company moves 17 million packages per day through hundreds of countries, according to itswebsite"Typically, when goods enter (i.e., are imported into) the United States, the importer of record pays an estimated duty," FedEx lawyers wrote in the filing. Customs and Border Protection "then fixes the final appraisement of merchandise by confirming the final value, classification, duty rate, and final am Show less Read more
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