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Fortune

Jacqueline Munis

FedEx is the first major company to sue for a full tariff refund after Supreme Court leaves payback open-ended

FedEx Donald Trump United States

A FedEx employee pushes a dolly with several boxes on it down a street (Credit: David Paul Morris—Bloomberg via Getty Images)

Friday’s Supreme Court ruling striking down President Donald Trump’s tariffs under the International Emergency Economic Powers Act (IEEPA) notably left out one question: Would importers receive a refund for the potentially billions of dollars they paid in illegal tariffs? One company is demanding an answer.

FedEx is suing the Trump administration for a full tariff refund, making it the first major company to sue for a payout since the decision.

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