US EditionCards Against Humanity Wants to Give Its Customers Tariff Refunds
FedEx seeks tariff refunds after Supreme Court ruled tariffs under emergency powers unlawful; the government collected over $133 billion in tariffs, affecting many U.S. businesses.
- On Tuesday, FedEx, the Tennessee-based shipping giant, sued the U.S. Court of International Trade seeking refunds of tariffs paid and filed motions to enforce the Supreme Court ruling.
- The U.S. Supreme Court last week ruled 6-3 that the International Emergency Economic Powers Act didn't give President Trump expansive tariff powers, putting about $175 billion at stake.
- U.S. Customs and Border Protection said Tuesday that the 10% ad valorem duty under Section 122 of the Trade Act of 1974 applies for 150 days, and FedEx seeks refunds of tariffs levied under IEEPA.
- FedEx typically pays customs and, if refunds are granted, the company warned of a billion-dollar impact and laid off at least 600 Shelby County employees.
- At this time no refund process has been established by regulators and the courts, and nonprofits have asked the Court of International Trade to order refunds with interest, with officials warning it could take years to adjudicate over thousands of cases.
15 Articles
15 Articles
Small businesses gear up for tariff fight after Supreme Court rules against Trump
While corporate giants like FedEx and Costco sue for refunds on President Trump's tariffs, smaller US businesses that have suffered more painful hits from the levies are also starting to take action, The Post has learned.
Cards Against Humanity wants to give its customers tariff refunds
The company that makes the popular party game Cards Against Humanity wants to channel any tariff refunds it gets back to its customers. The Supreme Court ruled President Trump's sweeping global tariffs were illegal. As first reported in Crain's, The company is one of many demanding a refund of the tariffs it paid. On Facebook, [...]
Importers seek CIT hearing on tariff refunds as soon as Thursday
A coalition of importers suing for refunds of President Trump’s now-scrapped International Emergency Economic Powers Act tariffs has asked the Court of International Trade to convene a hearing as soon as Thursday on next steps for the cases, but the Justice Department is signaling it will seek a longer timeline. Plaintiffs in AGS Company, et al., v. U.S. Customs and Border Patrol -- one of several consolidated CIT suits covering tariff-refund cl…
According to the EU, the US adheres to the requirements of the customs agreement +++ FedEx sues for reimbursement of Trump tariffs +++ Expert: US customs refund is very costly for companies +++ The Newsblog.
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