In a landmark legal move, FedEx has filed a lawsuit against the U.S. government seeking the return of $150 billion in tariffs it paid under former President Trump's trade policies, following a Supreme Court ruling labeling the tariffs illegal. As the first major company to initiate such a claim, FedEx faces class-action lawsuits from customers while also pledging to refund them if it wins its case. The legal actions come amid a growing number of businesses contesting these fees, with FedEx's stock showing a modest increase as investors react to the potential for a financial turnaround.
“A lot of companies are suing the government over tariffs. FedEx being one of them, L'Oreal, Prada, bunch of them. I think it's a total of $150 billion plus and climbing.”
“FedEx sues the US government seeking full refund over Trump's tariffs. The company is asking for a full refund of all the payments it made to the government under its tariff policies.”
“FedEx · is facing lawsuits from · customers · portion of refunds from the Trump administration's emergency tariffs”
“FedEx · will issue refunds to · shippers and consumers · if refunds are issued to FedEx”
“FedEx (FDX) · edged higher · after filing a lawsuit over the new tariffs”
“FedEx (FDX) · filed a lawsuit in · the U.S. Court of International Trade · seeks a refund for President Trump’s emergency tariffs after the U.S. Supreme Court ruled that the levies were 'illegal'”
“FedEx · will return · tariff refund · any refund it might get to shippers and customers”
“FedEx · became · the first major company to sue for a full tariff refund · null”
“FedEx · sued to recoup · import taxes · in recent days”
“FedEx · took action to · protect the company's rights · as an importer of record”
“FedEx Corp. · filed suit · on Monday”
“FedEx Corp. · faces · proposed class action lawsuits · true”
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