FedEx is suing the U.S. seeking a full refund on Trump’s emergency tariffs after the U.S. Supreme Court ruled his use of the IEEPA lacked authorization.
After the Supreme Court ruled Trump’s IEEPA tariffs unlawful, analysts say U.S.-China trade likely won’t change, as other legal levy options remain.
Trump raised tariffs on all countries to 15% one day after the Supreme Court ruled against the global tariffs his admin imposed last year under the IEEPA.
Trump signed an order to impose a 10% global tariff in response to the Supreme Court striking down sweeping levies issued under an emergency powers law.
