FedEx joins US companies seeking refunds after Trump tariffs are declared illegal

The Treasury Department has collected more than $133 billion since December from import taxes imposed by the president under the Emergency Powers Act, federal data show. The impact over the next ten years is estimated at approximately $3 trillion. | Photo credit: REUTERS/BENOIT TESSIER

FedEx said in a filing with the U.S. Court of International Trade that it has “suffered damages” from having to pay the tariffs and that the relief they are seeking from the court would remedy those injuries.

Other companies have already made efforts to recoup costs from the illegal tariffs, including major US companies such as Costco and Revlon.

The National Retail Federation said in a statement Friday that the Supreme Court’s ruling provided certainty for American businesses and manufacturers.

“We urge the lower court to ensure a seamless process to refund the tariffs to U.S. importers,” the report said. “The refunds will provide an economic boost and allow companies to reinvest in their operations, their employees and their customers.” The Supreme Court on Friday lifted President Donald Trump’s sweeping global tariffs. Trump said he was “absolutely ashamed” of some of the judges who ruled 6-3 against him, calling them “disloyal to our Constitution” and “lap dogs.” At one point he even raised the specter of foreign influence without citing any evidence.

The court’s ruling found that the tariffs Trump imposed under an emergency powers law were unconstitutional, including the sweeping “reciprocal” tariffs he imposed on almost every other country.

The Treasury Department has collected more than $133 billion since December from import taxes imposed by the president under the Emergency Powers Act, federal data show. The impact over the next ten years is estimated at approximately $3 trillion.

Trump has promised to collect tariffs in other ways. He reached a stopgap solution immediately after his defeat Friday at the Supreme Court: Section 122 of the 1974 Trade Act allows the president to impose tariffs of up to 15 percent for up to 150 days. But any extension beyond 150 days must be approved by a Congress that is likely to shy away from a tax hike as the midterm elections loom in November.

Published on February 25, 2026