FedEx vows to pass any tariff refunds it gets from U.S. on to customers
FedEx said it will reimburse customers if the Trump administration provides refunds following a Supreme Court ruling that struck down emergency tariffs.
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FedEx said it will reimburse customers if the Trump administration provides refunds following a Supreme Court ruling that struck down emergency tariffs.
FedEx sued the Trump administration over its tariffs on Monday, asking for a "full refund" of all payments it made to the government under a set of tariff policies that were ruled illegal by the Supreme Court.
President Trump on Saturday announced plans to raise the global tariffs he imposed on Friday from 10% to 15%. The announcement comes around a day after the U.S. Supreme Court ruled Mr. Trump doesn't have the authority to unilaterally impose tariffs on nearly every country under a federal emergency powers law. The president is also expressing renewed concern for the people of Iran. Willie James Inman reports.
Businesses could be owed nearly $150 billion in refunds after the Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.
Some Michigan businesses, including one that has a lawsuit against the president, approved of the court's decision.
The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs under a federal emergency powers law.
The Supreme Court on Friday ruled President Trump does not have the authority to unilaterally impose sweeping tariffs on nearly every country under a federal emergency powers law, delivering a significant blow to the president's signature economic policy.
The measure's passage is largely symbolic as it's likely to be vetoed by the president if it survives a Senate vote.
President Trump on Monday said he is raising tariffs on South Korea because the nation has not yet approved a trade deal with the U.S. that the two countries agreed to last year.
President Trump is hiking tariffs on imports from South Korea, saying its government has reneged on an agreement to approve a bilateral trade deal.
President Trump is threatening to impose new tariffs on Denmark and several other European countries unless there's a deal to purchase Greenland. On Saturday, people in Greenland and Denmark protested against the idea of the U.S. taking control of the Arctic island.
Canada's Prime Minister Mark Carney said China has become a more predictable partner to deal with than the U.S., the country's neighbor and longtime ally.
General Motors CEO Mary Barra said the Trump administration's tariffs caused a "few-billion-dollar impact," but also praised them for "leveling the playing field."
Economic growth blew past forecasts in the third quarter despite ongoing concerns about jobs, tariffs and inflation.
The main distillery will be closed for site enhancements, the company said. The pause comes after whiskey production has dropped amid a challenging year.
President Trump has threatened to invoke higher tariffs against Mexico .
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
The price of imported plastic Christmas trees is up, the majority of which are made in Asia and subject to tariffs introduced by President Trump earlier this year.
President Trump floated the idea of tapping his administration's tariff revenue to send checks to most Americans.
High grocery prices and tariffs are impacting Thanksgiving meal preparations. Jen Sullivan looks into the prices.
Ford is preparing to open its new world headquarters in Dearborn, some pasta prices could double due to tariffs and other top stories for the evening of Nov. 15, 2025.
President Trump exempted foods like beef and bananas from his sweeping country-by-country tariffs on Friday.
China is starting to buy U.S. crops again after last week's tariffs and trade meeting between presidents Trump and Xi. CBS News has this report.
The Supreme Court heard arguments Wednesday over whether a federal emergency powers law authorizes President Trump's most sweeping tariffs.
The Supreme Court will consider Wednesday whether a federal emergency powers law gives President Trump the authority to impose his most sweeping tariffs.
