HERE WE GO: FedEx Sues US, Seeks Refund of Trump’s Tariffs After Supreme Court Ruling
FedEx filed a lawsuit against the US and is seeking a refund of President Trump’s tariffs after the Supreme Court’s ruling.
The US Supreme Court last Friday struck down President Trump’s tariffs in a 6-3 decision.
Chief Justices Roberts, Amy Coney Barrett and Neil Gorsuch sided with the three liberal justices.
The high court did not address the billions of dollars collected from the tariffs.
President Trump addressed this during his presser last week and predicted that there would be endless litigation related to the refunds.
So now FedEx is suing for a refund.
“Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States,” the lawsuit said.
CNBC reported:
Federal Express on Monday sued the U.S. government, seeking a “full refund” of the money the shipping giant paid for tariffs unilaterally imposed last year by President Donald Trump, which the Supreme Court last week ruled were illegal.
FedEx’s suit appears to be the first one filed by a major American company seeking a refund for tariffs paid after the Supreme Court decision on Friday.
Other companies filed lawsuits seeking refunds before the high court ruled that the tariffs Trump imposed under the International Emergency Economic Powers Act are illegal.
Those suits, whose plaintiffs include retail warehouse club giant Costco, remain pending at the U.S. Court of International Trade in New York, the same court where FedEx filed its lawsuit.
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