FedEx sues for refund of Trump tariffs, days after Supreme Court ruling

The Trump administration has warned that it could take years for refunds to be paid out for tariffs that the Supreme Court ruled are illegal.

Federal Express on Monday sued the U.S. government, seeking a "full refund" of the money the shipping giant paid for tariffs unilaterally imposed last year by President Donald Trump, which the Supreme Court ruled last week were illegal.

FedEx's suit appears to be the first filed by a major American company seeking a refund for tariffs after Friday's Supreme Court decision.

Other companies filed lawsuits staking claims to their refunds before the high court ruled that the tariffs Trump imposed under the International Emergency Economic Powers Act are illegal.