FedEx, Trump and tariffs
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FedEx is suing for a full refund of President Trump's tariffs. The court heard arguments last year on whether Trump exceeded his authority under the International Emergency Economic Powers Act (IEEPA) when imposing tariffs on goods from virtually every US trading partner.
FedEx has a special delivery for the nation’s capital. The Mid-South’s largest employer is suing the federal government over tariffs.
After the Supreme Court dismantled President Trump’s trade tariffs, thousands of companies are now gearing up for what could be a gruelling legal battle to claw back billions they’ve already paid. Russ Mould of AJ Bell told Reuters that while the sums and recipients are crystal clear,
The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.