The Trump administration has warned that it could take years for refunds to be paid out for tariffs that the Supreme Court ruled are illegal.

KEY POINTS

Federal Express sued the U.S. government, seeking a “full refund” of the money the shipping giant paid for tariffs unilaterally imposed by Donald Trump, which the Supreme Court last week ruled were illegal.

FedEx’s suit appears to be the first one filed by a major U.S. company after the Supreme Court decision seeking a refund of the tariffs it has paid.

Other companies filed lawsuits seeking refunds before the high court ruled that the tariffs Trump imposed under the International Emergency Economic Powers Act are illegal.