Updated

Updated · Yahoo Finance · Aug 21

UPS, FedEx and DHL Return Billions in Tariffs After $100 Billion Court-Ordered Refunds

Updated

Updated · Yahoo Finance · Aug 21

UPS, FedEx and DHL Return Billions in Tariffs After $100 Billion Court-Ordered Refunds

3 articles · Updated · Yahoo Finance · Aug 21

UPS, FedEx and DHL are refunding tariff charges to eligible U.S. customers after the government began repaying duties collected under Trump-era import levies.
UPS has applied for $500 million in the first phase and expects about $5 billion in total refunds, with customers generally paid within one to three months after UPS is reimbursed.
FedEx is issuing $800 million in refunds and has opened a tracking portal, while DHL said it will return funds to the party that originally paid the duties once Customs repays it.
The refunds stem from a Feb. 20 Supreme Court ruling that the International Emergency Economic Powers Act did not authorize the president to impose those tariffs.
More than $100 billion in IEEPA tariffs had already been refunded to businesses by early August, about 60% of the total owed to importers.