FedEx is seeking a “full refund” in its Monday lawsuit against the Trump administration, following the Supreme Court’s ruling that struck down the president’s use of tariffs.
On Friday, the high court ruled that President Donald Trump exceeded his authority under the International Emergency Economic Powers Act to impose tariffs on foreign nations.
Immediately after the ruling, Trump announced his intention to issue global tariffs under the Trade Act of 1974. The worldwide tariff rate was initially 10% and later raised to 15%. His new tariff policy is set to face intense pushback from Congress ahead of the midterm elections.
In the meantime, companies are looking to recoup the losses they incurred from the IEEPA tariffs. FedEx appears to be the first to file a refund lawsuit following the Supreme Court’s landmark decision.
“Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States,” the federal lawsuit states. The court document was filed in the U.S. Court of International Trade, which ruled against Trump’s tariffs last year after they were first implemented.
FedEx wants a complete refund, with interest, from the Trump administration and argues that the corporation should be awarded for the financial losses it has incurred. The global shipping company did not specify the amount of money lost over the past year due to unpredictable trade duties.
Customs and Border Protection and CBP Commissioner Rodney Scott are listed as defendants. The agency is responsible for collecting tariffs on imported goods entering the United States.
A CBP spokesperson acknowledged a media inquiry from the Washington Examiner, but had not responded to the lawsuit by the time of publication.
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Costco previously sued the administration over the IEEPA tariffs, bringing the case before the U.S. Court of International Trade. The retail giant’s chances at a legal victory will likely be bolstered by the Supreme Court’s rejection of the IEEPA tariffs.
Over the weekend, Gov. Gavin Newsom (D-CA) called on Trump to immediately issue tariff refunds to California. The state has not taken new legal action over the matter yet, although its lawsuit was dismissed by a federal court on procedural grounds last year. California is appealing the dismissal.
