Feb 24 • 06:14 UTC 🇩🇪 Germany FAZ

Business Ticker: Fedex Suing for Refund of Trump Tariffs

Fedex is suing the U.S. government for a refund of tariffs imposed during Trump’s presidency, which the Supreme Court recently declared illegal.

Fedex, a major U.S. logistics company, has taken legal action against the U.S. government seeking a refund for tariffs that were implemented during Donald Trump's presidential term. The lawsuit was filed in the U.S. Court of International Trade, citing that the tariffs were enacted under the International Emergency Economic Powers Act (IEEPA), which the U.S. Supreme Court ruled as illegal just last week. This ruling presents a significant challenge to the legality of previous trade measures imposed by the Trump administration.

In the lawsuit, Fedex demands a complete refund of all tariffs it has paid under these measures. The company has not disclosed the exact amount being claimed but anticipates that it could be substantial given the scale of its operations and the duration of the tariffs in effect. This development highlights ongoing tensions in U.S. trade policy and the implications of trade decisions made during Trump's presidency that continue to impact American companies.

The case could set a precedent for future litigation involving tariffs and trade measures, as more companies may consider similar actions against the government for refunds on tariffs imposed in the past. The outcome may influence not just Fedex but a broader array of U.S. businesses that were similarly affected by the Trump-era tariffs, thus shaping the landscape of international trade law in the process.

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