Bloomberg reported on Monday that FedEx Corporation, a major U.S. shipping company, has filed a lawsuit against the federal government seeking a refund of tariffs.
FedEx initiated the legal action on the heels of a Supreme Court ruling on February 20 that declared the Donald Trump-era tariffs illegal. The company is demanding full reimbursement of all tariffs collected by the government during this period.
FedEx is the first American corporation to pursue legal action for tariff refunds.
Bloomberg anticipates that this move could trigger a wave of similar lawsuits from other affected businesses.
While the Supreme Court’s February 20 decision deemed the Trump tariffs unlawful, it did not explicitly address the issue of refunds. This ambiguity is likely to spark intense legal debates in the coming months.
The exact amount FedEx paid in tariffs under the Trump administration’s policy remains undisclosed in the court documents, according to Bloomberg.