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

FedEx filed a lawsuit seeking a full refund from the U.S. government for tariffs imposed under the International Emergency Economic Powers Act by Trump, arguing the Supreme Court’s ruling that those tariffs are illegal and that the Court of International Trade has exclusive jurisdiction. The suit appears to be the first major company bid for refunds after the ruling, while other pending suits (including Costco’s) have not yet been decided. FedEx has not disclosed the exact amount paid; last year it warned of about a $1 billion earnings hit due to U.S. trade policies, and regulators have not yet established a refund process.