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In September, before the IEEPA tariffs were rescinded, FedEx estimated the hit could reach $1 billion in fiscal year 2026.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.
Evacuations and the provision of humanitarian aid in the Russian-occupied southern Ukrainian town of Oleshky...
Qatari mediators returned to Tehran on Friday as part of efforts to reach a deal between the U.S. and Iran, ...
Pentagon officials have in recent weeks asked several NATO countries to tone down their rhetoric regarding the ...
The Middle East conflict remains tense as diplomatic efforts continue alongside renewed Houthi attacks. Iran says it remains open to mediation, while the Saudi-led coalition says it intercepted a ballistic missile fired towards the kingdom.
Rescuers searched the wreckage of two high-speed trains in central Spain on Thursday as the death toll rose to a provisional 74, making it the country's second fatal high-speed rail disaster this year.
Strengthened U.S.-Central Asia ties reflect a broader trend in international relations, with growing emphasis on developing alternative transit routes and diversifying energy and critical mineral supply networks to gain geopolitical influence.
At least 68 people have been killed after two high-speed trains collided in Spain on Wednesday, in the second deadly rail disaster in less than a year on a major route linking Madrid with the southern Andalusia region.
UN human rights experts comprising a group including Special Rapporteurs and independent experts who are part of the UN Human Rights Council, have criticised French authorities over their handling of nationwide student protests.
Evacuations and the provision of humanitarian aid in the Russian-occupied southern Ukrainian town of Oleshky have begun, a senior Ukrainian official said on Friday. In a statement on Telegram, David Arakhamia said a six-day ceasefire was holding, and that more details would follow.
Pentagon officials have in recent weeks asked several NATO countries to tone down their rhetoric regarding the threat posed by Russia, arguing that some statements by European leaders and officials have undermined continental security, four people familiar with the matter said.
AnewZ Daily Brief for 30 October 2026: Four humanitarian crises are deepening, with hospitals overwhelmed in Yemen, aid operations underway in Ukraine, hunger driving Afghan farmers back to poppy cultivation and a deadly drone strike devastating communities in Sudan.
Greek Prime Minister Kyriakos Mitsotakis has rejected a maritime boundaries agreement between Türkiye and Libya’s eastern parliament as “blatantly illegal, null and void, saying it ignored Greece’s islands and the realities of geography.
North Korean leader Kim Jong Un urged his country to achieve “absolute superiority” in drone technology while attending an exhibition and demonstration of unmanned aerial systems, state media KCNA reported on Friday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment