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FedEx Launches Lawsuit Against US Government for Trump Tariff Refunds Post-Supreme Court Decision
FedEx has filed a lawsuit against the U.S. government seeking full refunds of tariffs paid under the International Emergency Economic Powers Act (IEEPA), following a Supreme Court ruling that invalidated these tariffs. The company, which previously estimated a $1 billion impact from U.S. trade policies, is among potentially many corporations expected to sue for a share of the over $175 billion in tariff collections now eligible for refunds. This action highlights the immediate financial implications for major importers and challenges executive trade powers.