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Companies Demand Billions After Tariff Reversal

Araverus Team|Tuesday, March 31, 2026 at 1:00 AM

Companies Demand Billions After Tariff Reversal

Araverus Team

Mar 31, 2026 · 1:00 AM

Litigation · Refunds · Tariffs · Trade Policy

LitigationRefundsTariffsTrade Policy

Key Takeaway

The Supreme Court's tariff reversal means significant financial relief for importers, but the government's resistance to refunds creates prolonged uncertainty. This situation means potential cash flow improvements for affected companies like FedEx, but also means continued legal expenses and delayed capital deployment for the broader logistics and import sectors.

The U.S. Supreme Court struck down President Donald Trump's global tariffs, prompting over 1,500 businesses, including FedEx Corp., to demand approximately $170 billion in refunds from the government, initiating legal proceedings in lower courts.

Lawyers for successful challengers asked the U.S. Court of Appeals for the Federal Circuit to formalize its ruling on February 24, 2026, which the Supreme Court upheld on February 20. This action moves the fight to the U.S. Court of International Trade to determine refund processes.

Small businesses also filed a request in the trade court on February 24, seeking an injunction and initiating the refund process. FedEx Corp.

filed a refund lawsuit on February 23, joining numerous other importers. While the Justice Department previously assured refunds with interest for original plaintiffs, President Trump's recent comments suggest the government opposes repayments, predicting years of litigation.

Companies, however, are pushing for immediate action, citing prior government assurances and the need to avoid further harm and litigation complexity. The administration faces challenges contesting refunds given its prior statements.

Trump imposed new tariffs under a different authority, the Trade Act of 1974, which legal experts predict will also face challenges.

Read More On

Tariffs Put Businesses in Crisis. Waiting for the Refund Could Be Worse.wsj.comAfter SCOTUS deals blow to Trump's tariffs, businesses wonder if refunds are coming - NPRnpr.orgCompanies hit by Trump tariffs: We want a refund now - The Boston Globebostonglobe.comThese small-business owners are owed tariff refunds. Will they ever get them? - NPRnpr.orgFedEx and UPS charged fees for collecting tariffs. Now, customers want that money back. - Business Insiderbusinessinsider.com

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