FedEx sues US government for refund of illegal emergency tariffs

FedEx Corporation FDX filed a lawsuit in the U.S. Court of International Trade on Monday seeking a full refund of emergency tariffs it paid under the International Emergency Economic Powers Act (IEEPA). The legal action, initiated on February 23, 2026, follows a recent U.S. Supreme Court ruling that deemed those specific emergency tariffs illegal. The company is now moving to recover duties previously paid to the United States US in a case that could have direct financial consequences for the shipping giant.