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Recent Editions
Risk Channel
North America
FedEx has filed a lawsuit seeking a refund of U.S. tariffs that the Supreme Court ruled unlawful last week, becoming one of the first major companies to demand repayment of levies imposed under President Donald Trump’s emergency powers. The case, lodged in the U.S. Court of International Trade, asks Customs and Border Protection to return the duties collected. FedEx did not specify the amount it is seeking, but analysts estimate the now-invalidated tariffs raised as much as $175bn for the U.S. government. Legal experts expect many other companies to follow suit, with dozens having already challenged the tariffs before the Supreme Court’s decision. While the Trump administration previously indicated it would comply with refund orders if the levies were struck down, Mr Trump has suggested that repayments could face further legal hurdles.
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Risk Channel
UK/Europe
Finland, Ireland, Estonia, Latvia and the Czech Republic have warned against relaxing EU merger rules following some companies' calls for reduced regulatory scrutiny of deals in order to better compete with non-EU rivals. "Size in itself should not be the primary objective" of mergers, the five countries said, calling to pursue "undertakings that succeed through efficiency, innovation and fair competition instead of exemptions or special treatment."
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