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Both FedEx and UPS have said they will pass along their tariff refunds to the customers that paid them.
FedEx and UPS have committed to passing IEEPA tariff refunds directly to customers who paid them.
KEY POINTS
- UPS collected about $5 billion in tariffs from customers, according to CEO Carol Tome.
- U.S. Customs and Border Protection began issuing tariff refunds for unconstitutional Trump-era tariffs on April 20.
- Businesses are not legally required to return tariff refunds to customers, despite some class-action lawsuits.
COMPANIES
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