Business29 April 2026

FedEx and UPS vow Tariff refunds for customers

Parcel delivery giants FedEx  and UPS said on Tuesday they would return any tariff refunds to customers ​as the U.S. government begins to return the illegally collected ‌levies.

 

Thousands of companies rushed to file claims after a refund system that was set up to allow companies to recover tariffs ​from the U.S. government went live last week.

The ​U.S. Supreme Court in February struck down the tariffs President ⁠Donald Trump pursued under a law meant for use ​in national emergencies, handing the Republican president a stinging ​defeat.


About $166 billion in U.S. tariff collections are subject to potential refunds. The Trump administration's tariffs had upended global trade through 2025 and impacted ​the earnings of a wide range of companies, including ​logistics providers.

 

UPS CEO Carol Tome said in a post-earnings investor call ‌that ⁠the company had collected about $5 billion worth of tariffs from its customers.

 

"We are working with the Customs Border Protection to apply for those refunds. Our approach is to work ​with the U.S. ​government and ⁠not to sue the U.S. government," Tome said, referring to rival FedEx's February lawsuit.

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