facebook pixel
FedEx Sues Trump Administration Over Emergency Tariffs, Seeks Full Refund of Duties Paid⁠ ⁠ Blogged by: Poligirlsayswhat⁠ ⁠ #FedEx has filed a lawsuit against the U.S. government seeking a “full refund” of all tariffs it paid under #DonaldTrump’s emergency tariff program that the U.S. Supreme Court recently ruled unlawful. The complaint was filed Monday in the U.S. Court of International Trade in New York.⁠ ⁠ In the 11-page complaint, FedEx said the company and its logistics affiliate “have suffered injury” from having to pay these duties and are entitled to reimbursement. “Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States,” the filing states, referring to tariffs imposed under the International Emergency Economic Powers Act. ⁠ ⁠ FedEx did not disclose how much it is seeking, but executives had previously warned tariff policies could cut into profits by roughly $1 billion, according to Reuters. The suit names U.S....

 1.7k

 54

    Suggested Credits
    Tags, Events, and Projects