business / news / / The Sun U.S Edition
The Supreme Court ruled that 2025 tariffs collected under the International Emergency Economic Powers Act (IEEPA) were invalid.
UPS will refund customers for IEEPA tariffs after Supreme Court declared them invalid for 2025.
KEY POINTS
- CBP has begun issuing refund checks to importers of record, including UPS, in multiple phases.
- UPS collected approximately $5 billion in tariffs from customers who are now eligible for refunds.
- FedEx and other major companies are also preparing to refund customers for invalid IEEPA tariffs.
- Some class-action lawsuits seek to ensure shoppers also receive reimbursement from tariff refunds.
COMPANIES
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