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FedEx sues Trump administration for full tariff refunds after Supreme Court ruling on IEEPA [FOX Business Network]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
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. "Supporting our customers as they navigate regulatory changes remains our priority," the company told FOX Business. "F Show less Read more
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