UPS, FedEx Return Tariff Refunds to Customers

0:00On April 30th, UPS and FedEx just announced their passing tariff refunds straight back to customers after a big court win knocked out some import, taxes. A Supreme Court ruling back in February said the president overstepped by using emergency powers for those tariffs, so now shipping giants are teaming up with customs and border protection to grab the cash and hand it over. This all stems from a 6-3 decision that hit the administration's trade plans hard, clearing the path for refunds on duties tied to that. Emergency law. A follow-up trade court ruling made it official, letting companies like these foul claims without hassle. Consumers felt the pinch big time, especially when the under $800 import exemption got paused, jacking up prices on cheap online buys. From everyday shoppers, over 330,000 importers shelled out more than $166 billion in total. FedEx kicked off claims this year and says their goal is simple, return every dime to who paid it. UPS is right behind, coordinating with customs

1:03through a new online portal called CAP for filing everything digitally. Refunds might take 60-90 days to head and not every tariff's getting wiped. Others under different rules stick around. Keep an eye on your shipping bills that money's coming back where it belongs. This has been US News Today, powered by AI. I'm Corey with The Story.