FedEx Leads Corporate Surge in Tariff Refund Lawsuits After SCOTUS Ruling; ASX 200 Gains

Key TakeawaysFedEx (FDX) has filed a lawsuit against the U.S. government seeking a full refund of tariffs paid, following a landmark Supreme Court ruling that struck down the administration's emergency trade duties.The U.S. government faces potential liabilities of $133 billion to $175 billion in contested duties collected under the International Emergency Economic Powers Act (IEEPA).Legal experts warn of a "tough legal landscape" for the Trump administration as it attempts to block these refunds, despite t ...