FedEx sues the U.S. government to demand full refund of Trump's emergency tariffs

LootboxPhobia · 2026-02-24T02:10:36+00:00

FedEx sues the U.S. government, demanding the return of payments made due to illegal emergency tariffs imposed by Trump. The Supreme Court has ruled that these tariffs exceeded presidential authority, making FedEx the first company to file a lawsuit. The tariffs involved in this case amount to over $160 billion.

LootboxPhobia

2026-02-24 02:10:36

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Investing.com - FedEx (NYSE: FDX) filed a lawsuit against the U.S. government on Monday, demanding a “full refund” of the payments the logistics giant made for emergency tariffs imposed by President Donald Trump. The Supreme Court has ruled these tariffs to be illegal.

FedEx has filed a lawsuit with the International Trade Court, which last Friday stated that the court has “exclusive jurisdiction” over Trump’s tariffs.

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Following the unfavorable Supreme Court decision last week, FedEx appears to be the first U.S. company to sue for a refund of Trump’s tariffs. The Supreme Court ruled that Trump’s tariffs imposed under the International Emergency Economic Powers Act exceeded his authority.

Several other companies have previously sued the Trump administration over tariffs, including Costco, cosmetics company Revlon, and Japanese tire manufacturer Bridgestone.

However, the Supreme Court’s ruling did not specify how to handle the collected tariff revenues, which are estimated to exceed $160 billion.

In response to the Supreme Court decision, Trump announced the imposition of a 15% general tariff under a new legal framework. But he now must seek congressional approval to extend the new tariffs beyond 150 days.

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