UPS, FedEx and DHL refunding billions in Trump tariffs to customers

Regulation
โดย Moneywise·US·Read original
Summary · why it matters

UPS, FedEx and DHL are returning eligible tariff payments to customers as the federal government refunds duties collected under policies overturned by the Supreme Court. UPS has applied for $500 million in refunds in the first phase and expects to recover roughly $5 billion in total, while FedEx is issuing $800 million in refunds to customers who were billed for the affected duties. DHL said it will return funds to the party that originally paid the duties once it receives refunds from U.S. Customs and Border Protection. The refunds stem from a February 20 Supreme Court ruling that the International Emergency Economic Powers Act did not give the president authority to impose tariffs, with more than $100 billion in IEEPA tariffs already refunded to businesses as of early August. Consumers who were separately billed an IEEPA tariff by UPS, FedEx or DHL may be eligible for a refund, though those who paid higher retail prices without a separate tariff charge generally should not expect automatic refunds.

Impact on stocks 4

Industrials▲ · 3 stocks
FedEx Corporation
FDX
▲ PositiveRegulationrelevance

FedEx issuing $800 million in refunds to customers for tariffs overturned by Supreme Court, recovering duties

United Parcel Service Inc
UPS
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UPS applied for $500 million in refunds and expects to recover roughly $5 billion in total from overturned tariffs

Deutsche Post AG
DHL
▲ PositiveRegulationrelevance

DHL will return funds to customers once it receives refunds from U.S. Customs and Border Protection

Artificial Intelligence▲ · 1 stocks
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