FedEx Seeks Tariff Refund With Lawsuit Against US Authored by Jill McLaughlin via The Epoch Times, FedEx is suing the United States Feb. 23, seeking a full refund on President Donald Trump’s emergency tariffs after the U.S. Supreme Court ruled his use of the International Emergency Economic Powers Act (IEEPA) lacked authorization. The lawsuit, filed in the U.S. Court of International Trade, seeks to recoup all duties paid by FedEx as a result of IEEPA orders and any interest ...

It’s no surprise that US President Donald Trump came out swinging after the Supreme Court’s stunning rebuke struck at the core of his economic agenda. It delivered his most consequential legal setback by blocking him from invoking emergency powers to unilaterally impose sweeping tariffs on trading partners. The International Emergency Economic Powers Act (IEEPA), enacted in 1977, allows the president to regulate economic transactions after declaring a national emergency in response to an...

The U.S. Customs and Border Protection (CBP) announced it would cease collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) starting tomorrow, following a Supreme Court ruling.