What did FedEx and UPS announce regarding tariff refunds, and what legal context prompted this decision?

FedEx and UPS announced they would return any tariff refunds they receive from the U.S. government directly to their customers. This commitment follows the U.S. Supreme Court’s February ruling that struck down the tariffs imposed by former President Donald Trump under a law intended for national emergencies—deeming them illegally collected. The Court’s decision invalidated these levies, triggering a government-run refund system launched the previous week to allow companies to recover the funds.

How much in tariffs did UPS collect from customers, and what is its stated process for handling refunds?

UPS CEO Carol Tome stated on a post-earnings investor call that the company had collected approximately $5 billion worth of tariffs from its customers. UPS is working with U.S. Customs and Border Protection (CBP) to apply for those refunds—not through litigation, but cooperatively—and plans to remit the money back to customers as soon as the Treasury disburses it to UPS.

FedEx, UPS Vow to Return Tariff Refunds to Customers

Apr 28, 2026

FedEx and UPS pledged to refund tariffs collected from customers after a U.S. Supreme Court ruling invalidated emergency levies. About $166 billion in collections are eligible, with firms remitting funds to clients upon receipt from Customs Border Protection.

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