Close Menu
    Trending
    • Over 50% of Canadians who don't already own homes don't plan to buy in the coming year, survey says
    • Leaked documents reveal details in the U.S.-Iran deal to end the war
    • Trump Said Netanyahu Has “no F—ing Judgement.”
    • Ariana Biermann Defends Kim Zolciak Amid Her Divorce
    • Shooting of Russian artist known for Putin caricatures likely ‘political murder’, says Poland’s PM
    • Israeli air strikes on Lebanon continue despite US-Iran deal | Israel attacks Lebanon News
    • The ‘Most 200-receiving-yard games’ quiz
    • The anti-humanoid: Why Genesis AI’s new robot design isn’t a fake human
    The Daily FuseThe Daily Fuse
    • Home
    • Latest News
    • Politics
    • World News
    • Tech News
    • Business
    • Sports
    • More
      • World Economy
      • Entertaiment
      • Finance
      • Opinions
      • Trending News
    The Daily FuseThe Daily Fuse
    Home»Latest News»FedEx sues US government for tariff refund after Supreme Court ruling | International Trade News
    Latest News

    FedEx sues US government for tariff refund after Supreme Court ruling | International Trade News

    The Daily FuseBy The Daily FuseFebruary 24, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    FedEx sues US government for tariff refund after Supreme Court ruling | International Trade News
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The logistics large will search to recoup tariff charges, though the courts have but to determine a refund course of.

    Revealed On 24 Feb 202624 Feb 2026

    Share

    FedEx has sued the US authorities to acquire a refund of cash the logistics large paid for tariffs imposed by President Donald Trump, simply days after the US Supreme Courtroom struck down the authorized foundation for the president’s scheme.

    The Supreme Court ruled on Friday that Trump had overstepped his energy and that solely the US Congress had the authority to impose tariffs throughout peacetime.

    Advisable Tales

    checklist of 4 gadgetsfinish of checklist

    FedEx filed the go well with within the US Courtroom of Worldwide Commerce on Monday towards Customs and Border Safety and its commissioner, Rodney Scott, who have been tasked with accumulating the tariffs imposed by Trump underneath the 1977 Worldwide Emergency Powers Act (IEEPA).

    FedEx stated in its authorized grievance that the corporate had “suffered damage” from the tariffs and would search a “full refund” from the US authorities following the Supreme Courtroom ruling.

    The corporate stated in September that it anticipated to maintain a $1bn hit in 2026 from the tariffs in addition to a associated choice to finish tariff exemptions on small packages valued underneath $800, in response to the Reuters information company.

    Regardless of the courtroom’s landmark ruling, there may be nonetheless a lot uncertainty for FedEx and different international retailers, logistics firms, and US customers.

    The Supreme Courtroom ruling didn’t supply steering on whether or not the federal government ought to refund the billions of {dollars} in tariffs collected over the previous yr underneath IEEPA or how a refund course of ought to proceed.

    Specialists have stated that it could take months, if not years, to untangle the online of tariffs and kind out refunds. Trump has individually promised to impose a 15 percent “global tariff” to exchange the IEEPA tariffs.

    FedEx stated in a press release that it had “taken crucial motion to guard the corporate’s rights as an importer of report to hunt obligation refunds from US Customs and Border Safety”, though “no refund course of has been established by regulators or the courts”.

    The Chamber of Commerce and the Nationwide Retail Federation are among the many business teams pushing for a swift refund course of.

    Reuters reported that low cost retailer Costco, cosmetics model Revlon, and eyewear firm EssilorLuxottica are additionally searching for tariff refunds.

    Trump turned international commerce the wrong way up final yr when he launched a commerce conflict towards Canada, Mexico and China, earlier than increasing it to incorporate most US commerce companions, together with international locations with pre-existing free-trade agreements.

    The Yale Funds Lab estimated that the US collected $142bn in tariffs underneath the IEEPA as of mid-December 2025. Different estimates have put the determine nearer to $175bn.

    Whereas the IEEPA tariffs have been struck down, others stay in place, reminiscent of sector-specific tariffs imposed underneath Part 232 of the Commerce Growth Act of 1962, or Part 301 of the Commerce Act of 1974.

    The Yale Funds Lab stated customers will now face a mean tariff price of 9.1 %. The determine is lower than the 16.9 % common price underneath the IEEPA, however the highest because the finish of World Struggle II.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    The Daily Fuse
    • Website

    Related Posts

    Israeli air strikes on Lebanon continue despite US-Iran deal | Israel attacks Lebanon News

    June 17, 2026

    Why UK’s Makerfield by-election matters far beyond one parliamentary seat | Politics News

    June 17, 2026

    Iran war day 110: Tehran says Israeli attacks on Lebanon threaten US deal | US-Israel war on Iran News

    June 17, 2026

    Lionel Messi rewrites history books at record sixth World Cup | World Cup 2026

    June 17, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Britney Spears’ Ex Sam Asghari Shares ‘Most Important Thing’ With New GF

    April 28, 2025

    Trump says US will send second aircraft carrier to Middle East ‘very soon’ | Donald Trump News

    February 14, 2026

    How Jared Goff, Tua Tagovailoa could impact 49ers’ Brock Purdy’s new deal

    January 21, 2025

    The Fast Company Grill returns to SXSW in Austin

    March 11, 2026

    Smart Entrepreneurs Don’t Leap Without Looking — Here’s How to Strategically Approach Starting a Business

    March 6, 2025
    Categories
    • Business
    • Entertainment News
    • Finance
    • Latest News
    • Opinions
    • Politics
    • Sports
    • Tech News
    • Trending News
    • World Economy
    • World News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Thedailyfuse.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.