FedEx sues US for refund on Trump's emergency tariffs
LOS ANGELES, Feb 23 (Reuters) - Global transportation company FedEx (FDX.N), opens new tab on Monday filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump's emergency tariffs, one of the highest profile moves to recover funds since the U.S. Supreme Court last week deemed the tariffs illegal.
A flood of lawsuits to recover billions of dollars is expected by trade attorneys after the blockbuster ruling. The recovery process still has to be worked out by a lower court, though, complicating the matter.