Check Your Account: Carriers Begin Issuing Refunds for Tariffs
· Telemundo McAllen (KTLM)
If you purchased something from a foreign seller last year, it might be time to check your bank account. Some carriers, including FedEx and UPS, which acted as customs agents for imported packages and received tariff refunds from the U.S. government, have started passing those refunds on to the customers who originally paid the tariffs. The refunds to consumers are the final step in a months-long process that began in February when the Supreme Court struck down broad tariffs imposed by President Donald Trump in March 2025 under the International Emergency Economic Powers Act of 1977 on goods from nearly all countries. The high court ordered the government to return the tariffs it collected. So far, approximately $100 billion in tariffs have been refunded to the companies that paid them, under a system established by the Customs and Border Protection (CBP).
AI summary · Source: Telemundo McAllen (KTLM) →
