Recently, the Supreme Court of the United States ruled that President Donald Trump had overstepped his authority by imposing extensive tariffs on almost all trade partners under the International Emergency Economic Powers Act (IEEPA). This ruling has triggered a wave of lawsuits, with FedEx being the first to respond. The company has filed a lawsuit against U.S. Customs and Border Protection (CBP) in the U.S. Court of International Trade, seeking a full refund of IEEPA tariffs that it claims to have paid to the U.S. government during the tariff's implementation period.

In its complaint, FedEx asserts that it imported goods from countries subjected to these tariffs, thus incurring significant financial damage due to the unlawful imposition of the tariffs. The company's legal actions highlight the financial implications for businesses affected by government policies that are later ruled unconstitutional. Moreover, the case could set a precedent for other companies in similar situations to seek restitution for costs incurred under the now-invalidated tariffs.

As the U.S. government has recently imposed a new 10% tariff on all imports not covered by previous agreements, the context of these lawsuits is further complicated. FedEx has warned in its recent quarterly financial reports that the ongoing tariff situation could adversely affect their financial performance, pointing to the broader impact of trade tensions on corporate America. Given the scale of these tariffs and their implications for international trade, this legal challenge reflects ongoing disputes between the business sector and government trade policies.