Tariff Refunds Are Coming | Business and Finance News

If you bought something from overseas last year, your bank statement might just get a surprise — shippers like FedEx and UPS are returning billions they paid in tariffs, now deemed illegal by the Supreme Court. FedEx’s already sending out $800 million to customers via an online portal; UPS is rolling out $500 million first of a potential $5 billion. Big retailers like Amazon (returning $600 million) and Costco are also getting refunds, but only in specific cases or to lower prices. Meanwhile, lawsuits are popping up as consumers fight to reclaim overpaid amounts. How fast you see cash depends on government processing speed — some get refunds, others just enjoy cheaper goods. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/334aa274a44f7472