FedEx sues Trump administration for tariff refunds after Supreme Court ruling

Key Highlights

• trading partners."Accordingly ...
• Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States," lawyers for FedEx wrote in the lawsuit, lodged at the Customs and Border Protection Agency in the U. S.
• Court of International Trade. FedEx says that when tariffs were in effect under the IEEPA law, it imported goods from countries subject to the duties.
• It says it "paid IEEPA duties to the United States and thus [has] suffered injury caused by those orders."The global logistics company moves 17 million packages per day through hundreds of countries, according to its website."Typically, when goods enter (i. e., are imported into) the United States, the importer of record pays an estimated duty," FedEx lawyers wrote in the filing.
• Customs and Border Protection "then fixes the final appraisement of merchandise by confirming the final value, classification, duty rate, and final amount of duty for the imported goods."In recent quarterly earnings reports, FedEx executives warned that tariffs would dent the company's overall earnings.