business / news / / Fortune
FedEx and UPS both announced on Tuesday plans to return rebates from the levies to customers.
UPS and FedEx plan to pass tariff refund rebates directly back to their customers.
KEY POINTS
- UPS estimates about $5 billion will become available from these tariff refunds.
- CBP will distribute the first wave of refunds within 60 to 90 days of processing applications.
- FedEx is facing class action lawsuits from customers alleging improper duty charges on duty-free products.
COMPANIES
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