FedEx sues U.S. government seeking full tariff refund

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FedEx has filed a lawsuit against the U.S. government seeking a full refund for tariffs paid, following a Supreme Court ruling that declared President Trump’s tariffs under the TEEPA unlawful. This makes FedEx potentially the first major U.S. company to seek such a refund after the high court’s decision. Meanwhile, Senate Democrats are proposing a bill to ensure timely refunds with interest, prioritizing small businesses.

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