February 24, 2026 - Following the recent U.S. Supreme Court ruling on Feb. 20 against the White House’s sweeping global tariffs under the International Emergency Economic Powers Act (IEEPA), a growing number of companies including Trek, Specialized and more bike brands have joined many major corporations like Fedex, Costco and others that are suing the U.S. government for refunds of any extra duties paid.
The Supreme Court struck down the bulk of tariffs imposed by President Trump last year in a 6-3 decision and FedEx is seeking a “full refund” for what it paid in import taxes over the past year. The company filed an 11-page complaint in the U.S. Court of International Trade (CIT) against U.S. Customs and Border Protection (CBP), which collects tariffs and duties on goods coming into the country reports The Hill.
A number of major bike brands such as Trek, Specialized, Shimano, Marin, Yakima, Tern Bicycle and others are also suing the U.S. government to recover duties paid under now-voided IEEPA tariffs reports Bicycle Retailer, however it’s unclear how any refund process might be executed.
The Supreme Court offered no guidance on the status of the $175 billion collected through tariffs, sparking debate over whether and how it should be returned to importers. That question is now in the hands of lower courts, a process that Treasury Secretary Scott Bessent could take “weeks or months,” according to The Hill’s report.
The case before the Supreme Court resulted from a lawsuit (V.O.S. Selections, Inc. v. Trump) filed last year with the CIT by five owner-operated businesses including Terry Precision Cycling, VOS Selections and others. They argued that the Trump administration lacked the authority to issue increased tariffs under the International Emergency Economic Powers Act (IEEPA) and won with the Supreme Court’s recent ruling.
Other major U.S. companies such as Costco, Revlon and more have joined FedEx in an effort to secure refunds. Meanwhile, the day after the Supreme Court decision President Trump reacted saying he would impose a 10% global tariff which he’s bumped to 15%. In addition the White House has flip-flopped on allowing refunds according to a Forbes report.
