FedEx Files Suit to Recover Share of $133 Billion in Unconstitutional Tariffs
FedEx is seeking a full refund of tariffs paid under Trump’s emergency-powers policy after the Supreme Court declared those measures unconstitutional, filing suit in the U.S. Court of International Trade. It joins companies like Costco and Revlon in seeking recovery of over $133 billion in invalid tariffs to boost cash flow.
1. Lawsuit Details
FedEx has filed a complaint in the U.S. Court of International Trade seeking a full refund of all tariffs paid under the emergency-powers authority invoked by President Trump, arguing the Supreme Court’s recent ruling renders the levies unlawful. The carrier claims “injury” from the payments and requests redress to recover those outlays.
2. Tariff Background and Amounts
The Supreme Court struck down the global tariffs imposed under the emergency-powers law on Feb. 20, finding them unconstitutional. As of December, the U.S. Treasury had collected more than $133 billion from these import taxes, creating a large pool for potential refunds.
3. Industry Recovery Efforts
Major corporations including Costco and Revlon have already initiated similar suits to recoup costs, while the National Retail Federation is urging a seamless refund process. These combined actions could free significant liquidity for businesses to reinvest in operations.
4. Potential Impact on FedEx
If successful, FedEx’s recovery could improve its cash flow and working capital, potentially reducing financing costs or funding network expansions. The timeline for the court’s decision remains uncertain, delaying any immediate financial benefit.