Core Viewpoint - FedEx has initiated legal action seeking reimbursement for tariffs deemed unlawful by the Supreme Court, marking a significant move in the ongoing trade dispute and its financial implications for the company [2][8]. Group 1: Legal Action and Tariff Reimbursement - FedEx's lawsuit, filed on February 23, is the first major case seeking reimbursement since the Supreme Court ruled that the Trump administration lacked authority to impose tariffs under the International Economic Emergency Powers Act (IEEPA) [2]. - The company is requesting the U.S. Court of International Trade to mandate Customs and Border Protection (CBP) to refund all tariffs paid in the previous year under the IEEPA [2]. - The lawsuit asserts that FedEx, as an importer of goods subject to the IEEPA duties, has suffered injury due to the unlawful tariffs imposed [3]. Group 2: Financial Impact and Industry Context - FedEx had previously indicated an anticipated $1 billion headwind in its current fiscal year due to the global trade environment, with projections of a 9-to-10-figure impact from tariffs [7]. - Other companies, including Costco and Revlon, have also pursued legal action against the government prior to the Supreme Court's ruling [7]. - The Supreme Court's decision did not clarify the process for recovering duties already paid, leaving companies in a complex situation regarding potential refunds [9]. Group 3: Broader Implications of Tariffs - The tariffs imposed in recent years have been integrated into customer pricing, supplier contracts, and inventory strategies, complicating any potential recovery of duties [10]. - The financial records of many industries are settled, even as the legal framework for recovering tariffs remains undefined [10].

Home Depot on Tuesday posted a roughly 4% quarterly sales decline, as a sluggish real estate market and selective spending by homeowners continued to weigh on home improvement demand.The company also stuck by the current fiscal year forecast that it shared in December at an investor day. It said it expects full-year total sales growth to range between about 2.5% and 4.5% and adjusted earnings per share to be between roughly flat and up 4% from $14.69 in the prior fiscal year. It expects full-year comparable ...

Tariffs have peaked after Supreme Court ruling, says Morgan Stanley expert - MarketWatch# Tariffs have peaked after Supreme Court ruling, says Morgan Stanley expert## The average effective tariff rate has probably fallen to around 11%Published: Feb. 24, 2026 at 5:32 a.m. ETShareResize---Listen(3 min)President Trump's Liberation Day tariffs were struck down by the Supreme Court Photo: Getty ImagesThere's now a near- term ceiling for how high U.S. tariff rates can go and this may lead to increased consumer de ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Trump tariff pivot could benefit Brazil's Embraer, US airlines and aerospace industry February 24, 202610:03 AM UTCUpdated ago By Allison Lampert, David Shepardson and Gabriel Araujo Sign up here. Commercial aircraft, engines and aerospace parts are set to be exempt from the temporary 10% global import duty being introduced under Section 122 of the Trade Act of 1974, according to an annex to U ...

FTG also highlighted improved customer concentration: the top five customers accounted for 51.7% of total revenue in 2025 versus 58.4% in 2024. Airlines became two of the top 20 customers due to the FLYHT acquisition. FTG also noted that six of its top 10 customers are shared between the Circuits and Aerospace businesses, which management views as an opportunity to deepen relationships by selling both cockpit products and circuit boards.Circuits segment: Sales increased 6% year over year, described as entir ...

Core Insights - Wall Street is experiencing a sell-off driven by fears related to artificial intelligence, particularly following the introduction of a new programming language by Anthropic and predictions of significant job losses in white-collar sectors [6]. Group 1: Market Reactions - Investors are showing renewed concerns as the tech sector faces pressure, particularly in enterprise software and private capital, leading to notable losses [6]. - The sell-off is exacerbated by the announcement of a 10% global tariffs regime, with U.S. President Donald Trump warning against manipulation of trade agreements [7]. Group 2: Company Performance - Standard Chartered, an Asia-focused lender, reported a disappointing Q4 performance despite a surge in its wealth management business, alongside a $1.5 billion share buyback announcement [6]. - CEO Bill Winters indicated that ongoing tariff issues are causing delays in investment decisions, reflecting broader economic uncertainties [6].

Asian stocks ended mostly higher on Tuesday as traders evaluated the potential turbulence in the trade tariff environment following the U.S. Supreme Court's ruling on reciprocal tariffs. It is believed that a uniform 15 percent tariff, announced by U.S. President Donald Trump, would benefit some Asia-Pacific economies that have faced much steeper tariff rates earlier. But the uncertainty may worsen if the Trump administration continues imposing new tariffs under alternative laws. On Monday, Trump warned cou ...

This photograph shows European countries' flags waving in front of the European Parliament building in Strasbourg, eastern France, on June 6, 2024. (Photo by SEBASTIEN BOZON / AFP) (Photo by SEBASTIEN BOZON/AFP via Getty Images)LONDON — European stocks are expected to open flat to higher on Tuesday as investors assess the new global trading landscape after U.S. President Donald Trump's latest tariff move.The U.K.'s FTSE index is seen opening unchanged, Germany's DAX and France's CAC 40 up around 0.25%, resp ...

Core Viewpoint - Hyundai Motor warns that tariff pressure from the U.S. may intensify despite a recent Supreme Court ruling, urging South Korea to pass a $350 billion U.S. investment package to mitigate potential impacts [1][1]. Group 1: Tariff Impact - Hyundai and Kia have already incurred a combined financial hit of approximately $4.98 billion (7.2 trillion won) from U.S. tariffs last year [1][1]. - The company president cautioned that if tariffs are raised back to 25%, the financial impact could increase significantly this year [1][1]. - The Trump administration has threatened to escalate tariffs on sectors including autos, which could weaken the competitiveness of Korean companies [1][1]. Group 2: Legislative Urgency - Hyundai is urging the South Korean government to swiftly pass legislation related to the $350 billion U.S. investment package, which is part of a trade deal aimed at reducing tariffs from 25% to 15% [1][1]. - The South Korean government has committed to adhering to the trade deal reached last year, despite the ongoing tariff threats from the U.S. [1][1]. Group 3: Industry Challenges - The auto industry is facing a "major crisis" due to the existing U.S. tariffs, with ongoing transitions to electric vehicles and increased competition in autonomous driving [1][1]. - There are concerns that sector-specific tariffs, particularly in steel and autos, are likely to remain in place, further complicating the industry's recovery [1][1].

Core Viewpoint - The Supreme Court ruled against President Trump's authority to impose tariffs unilaterally, stating that he overreached his presidential powers, with a vote of 6 to 3 [1]. Company Responses - Learning Resources, a small educational toy company with approximately 500 employees, incurred over $10 million in tariff costs last year and pursued legal action that reached the Supreme Court [2]. - MGA Entertainment, a larger company with over 1,000 employees, expressed concerns about the impact of tariffs on production costs and pricing for their products, such as Bratz dolls [3][12]. Tariff Impact - Following the Supreme Court ruling, Learning Resources still faces a 15% tariff on imports, down from 18%, which is viewed as a minor improvement [4]. - The CEO of Learning Resources highlighted that the total tax burden, including federal, state, and tariffs, exceeded the company's earnings last year, indicating a severe financial strain [8]. Legal and Financial Considerations - The Supreme Court's decision deemed the tariffs unlawful, and there is existing law requiring the government to refund overcollected taxes with interest [5]. - Learning Resources plans to consider legal options regarding the tariffs and their financial implications, while acknowledging the necessity of paying the tariffs to continue operations [6]. Pricing Strategies - Both companies indicated that if they receive refunds from the tariffs, they would lower prices to benefit consumers and improve sales [18][19]. - Learning Resources has decided to forgo a planned price increase in 2026 despite inflation, aiming to average costs down to pre-tariff levels [18].