Businesses Demand Tariff Refunds as White House Readies for Tariff Battle
Major companies like FedEx file lawsuits to recoup tariff payments under the International Emergency Economic Powers Act as the Trump administration signals a continued fight over tariffs.
Businesses across the United States are pushing for refunds on the billions of dollars in tariffs they've paid under the Trump administration's trade wars, setting the stage for a potential legal showdown with the White House. Some of the country's largest companies, including FedEx, have filed lawsuits seeking to recover the money paid in tariffs, arguing that the administration overstepped its authority under the International Emergency Economic Powers Act (IEEPA).
The move comes as top Trump administration officials have signaled they're prepared to continue the fight over tariffs, even as the President has faced growing bipartisan criticism over the economic impact of his trade policies. White House economic adviser Larry Kudlow recently warned that the administration is
Source: The New York Times
