FedEx Sues Trump Administration for 'Full Refund' of Tariffs After Supreme Court Ruling

FedEx has filed a lawsuit against the Trump administration seeking a full refund of tariffs paid under the president's sweeping trade regime, becoming the first major corporation to take legal action following the Supreme Court's landmark ruling Friday that Trump exceeded his authority under the International Emergency Economic Powers Act. The lawsuit opens the floodgates for potentially billions of dollars in refund claims from American businesses, even as the administration says it is 'in no rush' to return the money and Trump threatens countries that 'play games' with existing trade deals. The legal and economic fallout from the Court's decision is just beginning.