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....