FedEx Sues for Refund of Trump Tariffs After Supreme Court Rules Them Illegal

Following the U.S. Supreme Court's 6-3 ruling that President Trump's tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unlawful, FedEx filed a lawsuit seeking a full refund of duties paid. The court did not specify refund procedures, leaving the U.S. Court of International Trade to decide next steps. Meanwhile, a group of Senate Democrats introduced legislation to mandate refunds with interest, prioritizing small businesses. The Trump administration has signaled potential legal resistance, and the refund process is expected to be complex and prolonged.