‘Flood of inquiries' about suing for tariff refunds: trade lawyer

• FedEx has initiated a lawsuit against the U.S. government seeking a full refund of payments for tariffs that the Supreme Court (SCOTUS) deemed illegal.
• The Penn Wharton model estimates that the U.S. government could owe over $175 billion in tariff refunds.
• Dennis Hranitzky states that the path for importers to claim tariff refunds through the Court of International Trade is relatively straightforward, despite the administration's efforts to delay.
• While refunds are 'most likely coming,' companies doing significant business with the government may be more reluctant to pursue litigation due to concerns about potential retaliation.

FedEx has sued the U.S. government for a full refund of tariffs deemed illegal by the Supreme Court. Dennis Hranitzky, a partner at Quinn Emanuel, believes the legal path to these refunds is relatively straightforward for companies, despite President Trump's indication of a lengthy legal battle. The total potential refunds could amount to $175 billion.