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

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According to CCTV News, on February 23rd local time, the global shipping company FedEx sued the U.S. government to demand the return of tariffs. FedEx 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 that the International Emergency Economic Powers Act does not authorize the president to impose large-scale tariffs. On the day of the ruling, the White House website released an executive order signed by Trump, confirming the termination of the previous tariffs implemented under the International Emergency Economic Powers Act. Court records show that over 1,000 companies in the U.S. have joined the legal suit, demanding the government refund the tariffs paid. Major companies involved in the lawsuit include Costco, Reebok, and others.

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