US EditionFedEx vows to pass any tariff refunds it gets from the U.S. on to customers
FedEx seeks refunds for tariffs struck down as unconstitutional, pledging to return any recovered funds to customers amid over 1,000 related lawsuits in U.S. trade courts.
- On Feb. 26, FedEx Corp. said it will return any tariff refund it receives to shippers and consumers who paid tariff charges and filed suit in the U.S. Court of International Trade seeking a full refund.
- On Feb. 20, the Supreme Court struck down IEEPA tariffs but did not specify how refunds should be handled by lower courts and federal agencies.
- More than 1,500 companies including Costco and Revlon have filed to recover costs, while FedEx's filing argues it has "suffered injury" and seeks a full refund for tariff payments.
- When refunds might be paid depends on future guidance from the U.S. government and the court, and FedEx said `We are committed to transparency and will communicate clearly as additional direction becomes available from the U.S. government and the court`.
- For small businesses, this process may be lengthy and difficult, while Section 122 of the Trade Act of 1974 and the administration's tariff moves complicate refund claims.
181 Articles
181 Articles
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