UPS, FedEx and DHL file for tariff refunds. What it means for consumers.
Summary
Major shipping companies UPS, FedEx, and DHL have applied for refunds on tariffs that were imposed during President Trump's administration and were recently ruled illegal by the Supreme Court. These companies plan to refund customers who paid these extra fees once they receive the money from the government.Key Facts
- UPS, FedEx, and DHL filed claims for tariff refunds with U.S. Customs and Border Protection (CBP).
- The tariffs were imposed under President Trump's International Emergency Economic Powers Act (IEEPA).
- In February, the Supreme Court ruled these IEEPA tariffs were illegally imposed.
- Only the importer of record (IOR), such as these shipping companies, can request refunds through a CBP portal.
- The companies have pledged to pass any refunded money back to customers who originally paid these tariffs.
- CBP expects to deliver refunds within 60 to 90 days after approving claims.
- President Trump said he might favor companies that choose not to seek refunds.
- Individual consumers cannot file refund claims directly and must wait for shipping companies to return the money.
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