FedEx sues US government seeking refund for Trump’s emergency tariffs

Global transportation company FedEx on Monday filed a lawsuit in the US Court of International Trade seeking a refund for President Donald Trump’s emergency tariffs, Reuters writes.

More than $175 billion in U.S. tariff collections are subject to potential refunds after the US Supreme Court on Friday ruled 6-3 that Trump overstepped his authority by using the International Emergency Economic Powers Act, a sanctions law, to impose tariffs on imported goods.

As noted, the court has yet to determine the procedure for issuing refunds, a process expected to be complex and time-consuming.