Global transportation company FedEx has filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump's emergency tariffs it paid under the overturned International Emergency Economic Powers Act (IEEPA).
“Accordingly … Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States,” FedEx’s lawyers wrote in the filing lodged at the U.S. Court of International Trade through the Customs and Border Protection Agency.
The move is one of the highest-profile attempts to recover funds since the U.S. Supreme Court last week deemed the tariffs illegal.
The Supreme Court ruled on Friday (20 February) that former President Donald Trump exceeded his authority when he used the act to impose sweeping tariffs on nearly all U.S. trading partners.
More than $175 billion in U.S. tariff collections are subject to potential refunds, according to Penn-Wharton Budget Model economists. However, the Memphis-based company did not provide the dollar value of the refund it is seeking.
FedEx said it imported goods from countries subject to the duties while the tariffs were in effect and “paid IEEPA duties to the United States and thus [has] suffered injury caused by those orders.”
The company says it moves 17 million packages per day across hundreds of countries.
“Typically, when goods enter the United States, the importer of record pays an estimated duty,” FedEx lawyers said. Customs and Border Protection then confirms the final appraisal, including value, classification, duty rate, and total duty owed.
Executives had warned that tariffs could dent the company’s earnings.
In September, before the IEEPA tariffs were rescinded, FedEx estimated the hit could reach $1 billion in fiscal year 2026. Brie Carere, FedEx chief customer officer, described the period as “particularly challenging for small exporters.”
The White House did not immediately respond to requests for comment.
FedEx appears to be the first major corporation to seek a refund following the Supreme Court ruling, though several cases were already filed in the specialised international trade court.
In December, Costco sued for a full refund of tariffs, noting that about a third of its U.S. sales come from imported products. Other companies, including Revlon, EssilorLuxottica, Kawasaki, Bumble Bee, and Yokohama Tire, have filed similar suits in recent months.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was st...
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European ...
Russia’s first State Duma election since the full-scale invasion of Ukraine is testing the country’s political system as voters c...
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port city of Odesa in the early hours of Thursday, officials said on the Telegram messaging app.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
U.S. President Donald Trump said on Wednesday he hoped the war against Iran was nearing its end and that Tehran wanted to reach a deal, but Iran dismissed his comments as “mixed signals” as the conflict approaches its seventh month.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
Here's your AnewZ Daily Brief for 18 September 2026. These are the top five stories making headlines in the field of science.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
Russia’s first State Duma election since the full-scale invasion of Ukraine is testing the country’s political system as voters choose a new parliament amid wartime and economic pressures.
From Russia’s parliamentary election and Germany’s regional votes to the U.S. midterms, several major elections are taking place in September and November of 2026. Meanwhile, Sweden has already voted, with parties now negotiating to form a new government.
Pakistan has described the situation around the Bab el-Mandeb Strait as “exceptionally serious”, calling for dialogue and diplomacy as Houthi attacks on Saudi Arabia intensify.
Türkiye, Pakistan and Saudi Arabia are taking “concrete steps” to make a recently signed joint defence pact operational, Turkish Foreign Minister Hakan Fidan said Thursday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment