FedEx has initiated legal action seeking a 'full refund' of tariffs that it paid under the emergency measures imposed by former President Donald Trump, which were annulled by the Supreme Court. These tariffs were levied last year under the International Emergency Economic Powers Act (IEEPA), significantly increasing import duties on goods from various countries. However, the Supreme Court recently ruled that Trump did not possess the authority to impose such tariffs under the law, creating a precedent for companies to seek refunds of additional charges they have paid.

In its complaint filed with the U.S. Court of International Trade, FedEx specifically demands the 'full refund of all IEEPA tariffs paid in the United States.' While the company has not specified the exact amount it is seeking, it has named the U.S. Customs and Border Protection as one of the defendants in the lawsuit. The Supreme Court's ruling has opened the floodgates for claims from various businesses that were subjected to these tariffs, and FedEx is leading the charge in reclaiming what it sees as unlawfully collected funds due to the now-unconstitutional tariffs.

The implications of this legal battle extend beyond FedEx, potentially affecting a broad array of companies that were impacted by the previous administration's trade policies. If businesses are successful in their claims, it could lead to significant financial implications for the federal government, as well as influence future trade policies and executive powers under the IEEPA. FedEx's lawsuit highlights the crucial intersection of business interests and legal authority concerning trade regulations in the United States.