FedEx should explain how it will pass along any tariff rebates to consumers, U.S. Treasury Secretary Scott Bessent said after the global shipping company sued for a refund of emergency import duties ruled illegal by the U.

Households may lose over $1,000 yearly under Trump’s latest tariffs, even after the Supreme Court blocked his earlier emergency plan.

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.

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,