FedEx has initiated a lawsuit against the Trump administration seeking a full refund for tariffs imposed under the International Emergency Economic Powers Act (IEEPA) after the Supreme Court ruled those tariffs illegal. This legal action comes amid broader efforts by several companies, including Trek Bicycle and Alcoa, to recover billions in tariffs as businesses navigate the complexities of tariff refunds following the significant court decision. Experts suggest that businesses could face years of waiting for these refunds, as more corporations join the fight to reclaim their financial losses from the controversial tariffs.