FedEx sues Trump administration for full tariff refunds after Supreme Court ruling on IEEPA

FedEx sued the U.S. government Monday, seeking a full refund of tariffs assessed under President Donald Trump's order targeting imports.

The lawsuit is one of the highest-profile moves by a major American company following the Supreme Court's 6-3 ruling Friday, which determined that the president did not have the authority under the International Emergency Economic Powers Act (IEEPA) to impose such tariffs.