FedEx sues Trump administration for tariff refunds after Supreme Court ruling
NBC News
FedEx sued the Trump administration seeking a "full refund" of tariffs it paid under the overturned International Emergency Economic Powers Act.
FedEx sued the Trump administration Monday, seeking a "full refund" of all tariffs it paid the government under the overturned International Emergency Economic Powers Act.
The Supreme Court ruled Friday that President Donald Trump exceeded his presidential authority when he deployed the act to impose sweeping tariffs on almost all U.S. trading partners.
"Accordingly ... Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States," lawyers for FedEx wrote in the lawsuit, lodged at the Customs and Border Protection Agency in the U.S. Court of International Trade.
FedEx says that when tariffs were in effect under the IEEPA law, it imported goods from countries subject to the duties. It says it "paid IEEPA duties to the United States and thus [has] suffered injury caused by those orders."
The global logistics company moves 17 million packages per day through hundreds of countries, according to its website.
Major airlines and millions of U.S. travelers are facing a rare set of challenges this spring are making it more costly and less convenient to fly.
U.S. crude oil passed $100 per barrel Sunday, continuing its surge despite efforts by the Trump administration and allied countries to slow rising prices.
Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code
The ongoing war in Iran is disrupting fertilizer shipments through the Strait of Hormuz, raising farmers' costs and pushing food prices higher.
The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate
The price of oil jumped more than 7%, as the war on Iran was "creating the largest supply disruption in the history of the global oil market."
An Iran-linked hacker group has claimed responsibility for a cyberattack on a medical tech company in what appears to be the first significant instance of Iran’s hacking an American company since the start of the war between the countries
The Consumer Price Index for the month of February is expected to show that prices rose only slightly right before the Iran war sent energy costs skyrocketing.
A federal judge ordered Live Nation to engage in settlement talks with a group of state attorneys general who accuse the live entertainment behemoth of illegally dominating the industry.
An Ohio federal judge on Monday said she's obligated to "avoid absurdity" and ruled that Kalshi's prediction markets in sports amount to acts of gambling — which should come under state regulations
A drop in oil prices slowed after Defense Secretary Pete Hegseth warned the day would be America's "most intense day of strikes inside Iran."
Uber launched a feature Monday to allow both women riders and drivers across the U.S. to be matched with other women for trips, expanding a pilot program aimed at addressing concerns about the safety of its ride-hailing platform.
The price of oil surged Monday, as the effects of the Iran war hit markets worldwide and stoke fresh worries about inflation.