NEW YORK, February 23, 2026 -- Global logistics giant FedEx filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump's emergency tariffs, one of the highest profile moves to recover funds since the U.S. Supreme Court last week deemed the tariffs illegal . A flood of lawsuits to recover billions of dollars is expected by trade attorneys after the blockbuster ruling. The recovery process still has to be worked out by a lower court, though, complicating the matter. More than $175 billion in U.S. tariff collections are subject to potential refunds after the U.S. Supreme Court on February 20 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, Penn-Wharton Budget Model economists said. "Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States," FedEx said in the ...
- Get link
- X
- Other Apps