A Surprise Credit After an Overseas Purchase: The Tariff Refunds Now Flowing Through Shippers
FedEx said it has begun issuing $800 million in tariff refunds, while UPS and DHL are also returning money to customers.
- In February 2025, the Supreme Court struck down sweeping tariffs implemented by President Donald Trump under the 1977 International Emergency Economic Powers Act, ordering the government to return collected funds to companies and consumers.
- Shippers including FedEx, UPS, and DHL have begun passing government-issued refunds directly to customers, rolling out payments in phases based on when the original tariffs were paid.
- FedEx has started issuing $800 million in refunds, while Amazon reported receiving $600 million in the second quarter and pledged to lower prices or contact affected customers for direct credits.
- Unlike shippers, major retailers like Best Buy and Costco say direct consumer refunds are unlikely because they passed tariff costs indirectly; Costco CEO Ron Vachris stated the company plans to return funds "in some form."
- More than 80 class-action lawsuits have been filed against retailers, though legal experts warn plaintiffs face difficulty proving price increases were specifically tied to tariffs rather than other market forces.
40 Articles
40 Articles
Trump's tariff was a $1,000 tax on you last year. This year, maybe you'll get a small refund in your bank account
If you bought something from an overseas vendor last year, it might be time to check your bank account. Shippers including FedEx and UPS that acted as customs brokers for imported packages and received tariff refunds from the U.S. government have started to pass on those refunds to the customers that originally paid the tariffs. The refunds to consumers are the last step in a monthslong process that kicked off in February when the Supreme Court …
A surprise credit after an overseas purchase: The tariff refunds now flowing through shippers
If you bought something from an overseas vendor last year, it might be time to check your bank account.
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