FedEx plans to pass along any refunds resulting from the Supreme Court’s ruling that some of President Donald Trump’s tariffs are “illegal.” In a statement on its website, FedEx notes that while “no refund process has been established by the courts,” the company will reimburse shippers and consumers impacted by tariffs if it gets its money back.
The delivery giant issued the statement after filing a lawsuit in the US Court of International Trade, asking the Trump administration for a “full refund” of tariff payments. Though FedEx covers the cost of duties and tariffs on a customer’s behalf when packages arrive in the US, it bills customers for the fees later on.
“Our intent is straightforward: if refunds are issued to FedEx, we will issue refunds to the shippers and consumers who originally bore those charges,” FedEx says. “When that will happen and the exact process for requesting and issuing refunds will depend in part on future guidance from the government and the court.”
Last week, the Supreme Court determined that the levies implemented by Trump under the International Emergency Economic Powers Act (IEEPA) exceeded the president’s powers. Trump used this law to impose sweeping fees on imported products from China, Canada, and Mexico, as well as put “reciprocal” tariffs on dozens of other countries. Days after the ruling, Trump imposed a new 10 percent tariff under the Trade Act of 1974.
Along with FedEx, over 1,000 companies, including Costco, Revlon, Bausch + Lomb, Dyson, and L’Oréal, have filed lawsuits in the US Court of International Trade in an attempt to recoup the funds that went toward Trump’s tariffs, according to NBC News and CBS.
Source link
