Jill Nadeau

Now that the Supreme Court has ruled President Trump didn't have the authority to impose his Liberation Day tariffs, major companies are calling for their money back.

FedEx didn't specify a dollar amount yet, but they filed a lawsuit Monday against U.S.

Customs and Border Protection and the U.S.

The same lawyers representing the shipping company also have clients like Costco, Bumblebee Foods, and Revlon filing similar suits.

Treasury Secretary Besson has said the matter may be in lower courts for years.

Reuters says more than $175 billion in tariff collections may be subject to refunds.

Jill Nadeau, Fox News.

Now that the Supreme Court has ruled President Trump didn't have the authority to impose his Liberation Day tariffs, major companies are calling for their money back.

FedEx didn't specify a dollar amount yet, but they filed a lawsuit Monday against U.S.

Customs and Border Protection and the U.S.

The same lawyers representing the shipping company also have clients like Costco, Bumblebee Foods, and Revlon filing similar suits.

Treasury Secretary Besson has said the matter may be in lower courts for years.

Reuters says more than $175 billion in tariff collections may be subject to refunds.

Jill Nadeau, Fox News.

When the Supreme Court ruled the International Emergency Economic Powers Act didn't give President Trump the power to impose tariffs, he went elsewhere.

Under Section 122 of the Trade Act of 1974, he can raise tariffs for a limited time.

Late Friday, he imposed a 10 percent tariff, but Saturday he said he's raising them to 15 percent.

And what about the money already collected under the previous tariffs?

On Fox, Republican Senator John Kennedy put a positive spin on it.

If he gives back $300 billion worth of tariff money to the business community in America, this economy is going to roar, man.