On Friday, the US Supreme Court ruled that certain customs tariffs imposed by former President Trump, under the International Emergency Economic Powers Act, were illegal. This ruling, however, does not affect sector-specific tariffs that he separately applied to imports of steel, aluminum, and various other goods. The Supreme Court’s decision sets a significant legal precedent, as it may encourage other companies to challenge tariff-related charges that they believe to be unjustified. FedEx has filed a lawsuit with the US International Trade Court against the Customs and Border Protection Agency, seeking full compensation for the tariffs it paid on imported goods. The delivery giant claims that the illegal tariffs have imposed an undue financial burden on its operations. Following the Supreme Court’s ruling, it is anticipated that FedEx may not be the only company filing similar litigation, as many businesses affected by these tariffs are reconsidering their legal options in order to recover lost funds. The tariffs imposed by the Trump administration have generated over $130 billion in revenues for the US government. This figure highlights the significant economic implications not just for affected companies like FedEx, but also for the broader economy as the legal battles unfold. As more firms consider challenging these tariffs, it could lead to a reevaluation of current trade policies and foster a renewed debate about the administration’s trade strategies during Trump's presidency.