FedEx has initiated a lawsuit against the U.S. government, seeking a complete refund of the tariffs imposed by President Donald Trump, which the Supreme Court has recently deemed illegal. In its court filing, FedEx highlighted that it has incurred significant financial harm due to these tariffs, which were set to restrict imports and protect U.S. industries. With the ruling indicating the illegitimacy of these tariffs, FedEx believes it is entitled to compensation for the losses experienced during the tariff period.

Following the Supreme Court's decision, several major companies, including Costco and Revlon, have begun their own efforts to recover costs associated with these tariffs. The National Retail Federation has expressed support for these initiatives, emphasizing that the court's ruling provides crucial clarity for U.S. businesses navigating the economic landscape affected by the previous taxation policies. They called for a smooth process for the refund of these tariffs, highlighting the potential economic benefits such refunds could yield.

The atmosphere among U.S. businesses is one of cautious optimism, as the refunds from the now-invalidated tariffs could result in a financial surge for numerous companies, enabling them to reinvest in their growth and workforce. Ensuring that these refunds are delivered promptly may bolster the economy and assist in the recovery of businesses impacted by the tariffs' imposition, ultimately benefiting consumers and the broader market.