Story perspectives

FedEx Sues for Tariff Refund Following Supreme Court Ruling

2/25/2026

Summary

Story summary

FedEx Corp. filed a U.S. Court of International Trade lawsuit seeking a full refund of tariffs paid under the emergency powers policy of U.S. President Donald Trump.
This case is the first major corporate lawsuit since the Supreme Court ruled the tariffs unconstitutional.
The complaint notes a significant financial impact, including a $1 billion earnings hit.
Costco and Revlon are pursuing refunds.
The National Retail Federation calls for a smooth refund process.

1 of 1

Story summary

FedEx Corp. filed a U.S. Court of International Trade lawsuit seeking a full refund of tariffs paid under the emergency powers policy of U.S. President Donald Trump.
This case is the first major corporate lawsuit since the Supreme Court ruled the tariffs unconstitutional.
The complaint notes a significant financial impact, including a $1 billion earnings hit.
Costco and Revlon are pursuing refunds.
The National Retail Federation calls for a smooth refund process.