FedEx will return any tax refunds to customers after the Supreme Court ruling
Former US Secretary of Commerce Wilbur Ross joins ‘Making Money’ to discuss the Supreme Court’s ruling on Trump’s tariffs and their implications.
FedEx announced Thursday that it will return any tax refunds it may have received from its paying customers as it seeks compensation from the federal government for taxes paid that were later ruled illegal.
The shipping giant said in a statement that it intends to return any refunds to shippers and customers who bear the cost of these charges. This move follows the decision of the Supreme Court last week that the important part of the President Donald Trump’s the trade agenda – his tariffs imposed under the International Economic Emergency Act (IEEPA) – was dismissed as illegal.
“We remain focused on supporting our customers as they adapt to the latest regulatory changes and have taken action to preserve our right to receive IEEPA tax refunds on behalf of our customers and FedEx,” the company said.
“Our intent is clear: if refunds are issued to FedEx, we will issue refunds to shippers and consumers who initially bore those costs. When that will happen and the exact process for requesting and issuing refunds will depend in part on future government and court guidance,” the FedEx statement continued.
FEDEX WANTS TRUMP ADMINISTRATION FOR FULL TARIFF REFUNDS AFTER SUPREME COURT RULING ON IEEPA
FedEx said it will return any tax refunds it receives to shippers and paying customers. (Kevin Carter)
“We are committed to transparency and will communicate clearly as additional guidance from the US government and the court emerges,” FedEx added while directing customers to tax related web page on the company’s website that will host the latest information on the topic.
I Supreme Court reduced IEEPA tariffs after finding that Trump’s proposed import tariffs did not authorize the president to impose tariffs, meaning the tariffs were unconstitutional.
The decision did not affect tariffs imposed by the Trump administration using other regulatory authorities. The White House has signaled that it intends to use some of the IEEPA tax cuts, and Treasury Secretary Scott Bessent said last month that the Treasury Department has the funds needed for a potential tax refund — though he said that could be a time-consuming process.
ARE RETURNS ISSUED AFTER THE COURT RULES ON THE TRUMP PLANS?
Tariffs are taxes on imported goods that are paid by the importer, who often pass on higher costs to consumers through higher prices. (Brandon Bell/Getty Images)
While the IEEPA’s tax rates were in effect, the federal government collected more than $150 billion under those authorities before they were enacted — an amount that may be less than it is. tax refundaccording to the rating scale.
The nonpartisan Tax Foundation put the figure at about $150 billion IEPA values collected, while the unbiased Penn-Wharton Budget Model estimate was $175 billion and an analysis by JPMorgan suggested a range of $150 billion to $200 billion.
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| FDX | Company FEDEX CORP. | 387.70 | +5,12 |
+1.34% |
Since the case has returned to the lower courts following the Supreme Court’s decision to overturn the IEEPA tariffs, it is possible that the courts and the government will reach an agreement on the format of providing refunds to taxpayers.
However, there are currently ways to pursue a tax refund by filing a claim in the US International Trade Courtby FedEx and more than 1,000 companies, and by filing claims with US Customs and Border Protection – which collects tax amounts on behalf of the Department of Homeland Security and sends them to the Treasury Department.
HOW SHOULD BUSINESSES APPROACH RETURNS?
President Trump’s IEEPA tariffs were struck down as unconstitutional by the Supreme Court. (Chip Somodevilla/Getty Images)
A recent study by Federal Reserve Bank of New York found that American businesses and consumers bear 86% of the cost of the tax, while foreign traders bear 14% as of November 2025.
New York Fed researchers found that the share taken US businesses and consumers it decreased during the year from 94% during January to August to 92% in September and October.
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Those results are similar to those contained in other independent analyses Congressional Budget Office (CBO)which noted in its 10-year budget and economic outlook that exporters absorbed about 5% of the tariff costs and the remaining 95% fell to US firms and consumers.
