FedEx seeks full refund of Trump-era tariffs after Supreme Court ruling

1 min read
Source: The Guardian
FedEx seeks full refund of Trump-era tariffs after Supreme Court ruling
Photo: The Guardian
TL;DR Summary

FedEx filed a lawsuit in the US Court of International Trade seeking a full refund of tariffs imposed during the Trump administration after the Supreme Court ruled that Congress, not the presidency, has the authority to levy taxes; the case names CBP and the US government as defendants and does not specify an amount. While the court did not resolve refunds, the decision raises the possibility that duties collected could be returned and has prompted Democratic calls for relief to small businesses and possibly passing refunds to customers; Trump has signaled he will pursue tariffs under other authorities, which would continue to affect prices for US households.

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