FedEx sues the U.S. government demanding full tax refund

On February 23rd local time, CCTV reporters learned that FedEx, a global shipping company, has sued the U.S. government to demand the return of tariffs. FedEx has filed a lawsuit with the U.S. International Trade Court, requesting a full refund of all tariffs imposed under the International Emergency Economic Powers Act. The U.S. Supreme Court recently announced a ruling stating that the International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs. On the day the ruling was announced, the White House website posted an executive order signed by Trump, confirming the termination of the tariffs previously implemented under the International Emergency Economic Powers Act. Court records show that over 1,000 U.S. companies have joined the legal suit, demanding the government refund the tariffs paid. Participants in the lawsuit include major companies such as Costco and Reebok. (CCTV News)