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UPS CEO Carol Tome said the company had collected about $5 billion in tariffs from its customers.
UPS collected about $5 billion in tariffs from its customers and will issue refunds.
KEY POINTS
- FedEx will refund customers once it receives tariff refunds from Customs and Border Protection.
- Court filings estimate total tariff refunds could reach roughly $166 billion for over 330,000 importers.
- The federal government plans to issue the first round of tariff refunds on or about May 11.
COMPANIES
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