FedEx, UPS, and Costco have announced plans to pass some tariff refunds to customers, but most companies are unlikely to lower prices.
The refunds follow a Supreme Court decision that Trump-era tariffs were illegal under the 1977 International Emergency Economic Powers Act, with companies eligible to file claims through U.S. Customs and Border Protection.
Experts expect limited direct savings for consumers, and some shoppers have filed class-action lawsuits seeking a share of the refunds from retailers.
Billions in tariff refunds are going to companies. Will consumers ever see that money returned as lower prices or direct rebates?
How can small businesses navigate the complex refund process to reclaim millions in tariffs without expensive legal help?
Why can only companies claim tariff refunds when consumers were the ones who ultimately paid the higher prices?
As old tariffs are refunded, new ones are imposed. What does this trade policy whiplash mean for businesses and consumers?
After the Supreme Court's ruling, what real limits exist on a president's power to unilaterally impose future import tariffs?