KEY POINTS
Federal Express sued the U.S. government, seeking a “full refund” of the money the shipping giant paid for tariffs unilaterally imposed by Donald Trump, which the Supreme Court last week ruled were illegal.
FedEx’s suit appears to be the first one filed by a major U.S. company after the Supreme Court decision seeking a refund of the tariffs it has paid.
Other companies filed lawsuits seeking refunds before the high court ruled that the tariffs Trump imposed under the International Emergency Economic Powers Act are illegal.
Realistically since the American consumer ultimately paid it, it should be returned via a tax credit on our taxes. That was it doesn’t matter if you paid via higher prices, or flat out paid import fees. It goes back to the consumer.
I think maaaaybe on b2b or larger transactions that included a Tariff line item in the invoice. The $2 widget you bought at Dollar Tree, not likely.
From the POV of a business it cost them more labor and money to collect and pay the tariffs and now getting reimbursed and paying the customers/clients back would cost them even more labor and money.
It’s an unfunded cluster fuck of an issue that never should have happened to begin with.
Agreed.