{"id":59000,"date":"2026-02-23T19:38:23","date_gmt":"2026-02-23T23:38:23","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/fedex-leads-corporate-surge-in-tariff-refund-lawsuits-after-scotus-ruling-asx-200-gains\/59000\/"},"modified":"2026-02-23T19:38:23","modified_gmt":"2026-02-23T23:38:23","slug":"fedex-leads-corporate-surge-in-tariff-refund-lawsuits-after-scotus-ruling-asx-200-gains","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/fedex-leads-corporate-surge-in-tariff-refund-lawsuits-after-scotus-ruling-asx-200-gains\/59000\/","title":{"rendered":"FedEx Leads Corporate Surge in Tariff Refund Lawsuits After SCOTUS Ruling; ASX 200 Gains"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>FedEx (<a href=\"\/stock\/FDX\">FDX<\/a>) has filed a lawsuit against the U.S. government seeking a full refund of tariffs paid<\/strong>, following a landmark Supreme Court ruling that struck down the administration&#39;s emergency trade duties.<\/li>\n<li><strong>The U.S. government faces potential liabilities of $133 billion to $175 billion<\/strong> in contested duties collected under the International Emergency Economic Powers Act (IEEPA).<\/li>\n<li><strong>Legal experts warn of a &quot;tough legal landscape&quot; for the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration<\/strong> as it attempts to block these refunds, despite the President&#39;s vow to fight the claims in court for years.<\/li>\n<li><strong>Australia\u2019s S&amp;P\/ASX 200 index rose 0.3% to 9,049.80 in early trade<\/strong>, buoyed by gains in the materials and <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> sectors despite global trade uncertainty.<\/li>\n<\/ul>\n<h2>FedEx and Major Retailers Seek Billions in Refunds<\/h2>\n<p>FedEx (<a href=\"\/stock\/FDX\">FDX<\/a>) officially initiated legal action against the United States on Monday, demanding the return of millions in tariff payments. The move comes just days after the <strong>Supreme Court of the United States (SCOTUS)<\/strong> ruled in a <strong>6-3 decision<\/strong> that the administration exceeded its legal authority by using the <strong>1977 International Emergency Economic Powers Act (IEEPA)<\/strong> to impose global tariffs.<\/p>\n<p>The logistics giant joins a growing list of major corporations, including Costco (<a href=\"\/stock\/COST\">COST<\/a>), Revlon, and Bumble Bee Foods, that are aggressively pursuing compensation. Analysts estimate that the <strong>U.S. Customs and Border Protection<\/strong> has collected upwards of <strong>$133 billion<\/strong> in these now-invalidated duties, with some estimates suggesting the total refund pool could reach <strong>$175 billion<\/strong>.<\/p>\n<h2>Trump Administration Faces Uphill Legal Battle<\/h2>\n<p>The White House is currently navigating a precarious legal environment as it seeks to oppose the flood of refund requests. While <strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a><\/strong> has characterized the SCOTUS ruling as &quot;deeply disappointing&quot; and predicted a five-year legal battle, <strong>Bloomberg<\/strong> reports that the administration faces significant obstacles in preventing the payouts.<\/p>\n<p>Legal analysts from firms such as <strong>Vinson &amp; Elkins<\/strong> suggest that the decisive nature of the Supreme Court&#39;s repudiation makes it difficult for the government to deny a refund mechanism. However, the process is expected to be &quot;administratively complex,&quot; as the high court remained silent on the specific mechanics of how the billions should be returned to importers.<\/p>\n<h2>Market Reaction and Global Impact<\/h2>\n<p>In the wake of the ruling, <strong>President Trump<\/strong> moved to mitigate the policy vacuum by immediately announcing a new <strong>15% global tariff<\/strong> under Section 122 of the 1974 Trade Act. This replacement duty is intended to be temporary, but it has already injected fresh volatility into international markets and complicated existing trade negotiations with the <strong>EU<\/strong> and <strong>Japan<\/strong>.<\/p>\n<p>Despite the trade-related turbulence, <strong>Australia\u2019s S&amp;P\/ASX 200<\/strong> managed a gain of <strong>0.3% to reach 9,049.80<\/strong> during early Monday trade. The index was supported by a surge in gold prices, which hit <strong>$5,170 per ounce<\/strong>, driving shares of miners like Northern Star Resources (<a href=\"\/stock\/NST\">NST<\/a>) and Newmont Corporation (<a href=\"\/stock\/NEM\">NEM<\/a>) higher as investors sought safe-haven assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways FedEx (FDX) has filed a lawsuit against the U.S. government seeking a full refund of tariffs paid, following [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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