US Edition
UPS, FedEx and DHL Are Seeking Tariff Refunds. Here's What It Means for Consumers.
Only importers that directly paid the tariffs can seek refunds, and analysts say most consumers are unlikely to see lower prices.
- On Monday, the Trump administration launched the CAPE portal, enabling businesses to file claims for $166 billion in tariff refunds following the Supreme Court's ruling that struck down the levies as unconstitutional earlier this year.
- Although the Supreme Court invalidated the tariffs in February, only companies that directly paid import taxes—not consumers who faced higher prices—qualify for refunds under the new system.
- More than 56,000 importers have registered for the program, with Customs and Border Protection officials expecting 60 to 90 days to process approved claims, though delays are possible due to massive demand.
- Sen. Ed Markey , the top Democrat on the Senate Small Business and Entrepreneurship Committee, faulted the administration's 'shortsighted decision to not issue automatic refunds,' while hedge funds now offer to buy refund claims for immediate cash.
- Economists suggest consumer prices are unlikely to decline, particularly as the Trump administration considers implementing new global tariffs as early as July to replace the invalidated levies.
20 Articles
20 Articles
Lincoln Journal Star
Companies are getting tariff refunds. Will you see lower prices?
American importers who paid tariffs the Supreme Court ruled illegal in February are working to get refunds from the federal government, but shoppers might be out of luck.
Americans Paid Trump's Tariff: Corporations Get The Refund - Costco Wholesale (NASDAQ:COST), FedEx (NYSE:
CBP opened the refund portal Monday. Only importers can file — leaving U.S. households, who absorbed 86% of the tariff passthrough, shut out of the process.
Trump Forced to Refund Billions in Tariff Costs
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