Bessent seeks FedEx plan for consumer tariff rebates
Treasury Secretary Scott Bessent says FedEx must explain how it will pass tariff rebates to consumers. The firm will refund shippers who bore original costs.
Xurve View
Insights:
Xurve View
United States[Country:{\"assets\":{\"country\":\"US\"}}] Treasury Secretary Scott Bessent has called on FedEx Corporation[Symbol:{\"assets\":{\"symbol\":\"FDX\"}}] to provide a clear plan on how it intends to pass potential tariff rebates back to its customers. This demand follows a lawsuit filed by the global shipping giant seeking a refund for emergency import duties that the U.S. Supreme Court recently ruled were imposed illegally.
