Customs and Border Protection

organization

Last mentioned: 1d ago

Timeline

  1. FedEx Files Suit

    FedEx becomes the first major company to sue for a full refund of duties paid.

  2. SCOTUS Ruling

    Supreme Court declares the IEEPA-based tariffs unlawful and an overreach of executive power.

  3. FedEx Earnings Warning

    FedEx executives project a $1 billion profit hit due to tariff costs.

  4. Tariffs Imposed

    Trump administration uses IEEPA to unilaterally impose sweeping global tariffs.

Stories mentioning Customs and Border Protection 1

Financial Regulation Bearish

FedEx Sues for Full Tariff Refund Following Supreme Court Ruling

FedEx has filed a landmark lawsuit against the Trump administration seeking a total refund of duties paid under the International Emergency Economic Powers Act (IEEPA). The move follows a Supreme Court decision declaring the administration's unilateral global tariffs unlawful, potentially opening the door for billions in corporate reimbursements.

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