✎ Contributed by Ty Griffin
United Parcel Service Inc. and FedEx Corp. have begun filing requests for tariff refunds after the Supreme Court ruled in February that certain levies imposed under the International Emergency Economic Powers Act (“IEEPA”) were unconstitutional. CNBC reported that U.S. Customs and Border Protection opened a refund portal this week, allowing importers of record to submit claims for tariffs collected under the invalidated authority.
The refund process applies only to IEEPA-related duties and does not affect tariffs imposed under Section 232 or Section 301. While companies said refunds could take up to three months to be processed before funds reach customers, the development marks the first formal step toward reimbursement. On Tuesday, President Donald Trump told CNBC’s “Squawk Box” that he would “remember” companies that did not request tariff refunds, adding a political dimension to what is otherwise an administrative process.
Market Reaction
- United Parcel Service Inc. (NYSE: UPS): $105.72, down $1.39 (1.30%)
- FedEx Corp. (NYSE: FDX): $392.79, down $0.97 (0.25%)
- Amazon.com Inc. (NASDAQ: AMZN): $252.05, up $3.77 (1.52%)
- Expeditors International of Washington Inc. (NYSE: EXPD): $149.73, up $0.42 (0.28%)
- J.B. Hunt Transport Services Inc. (NASDAQ: JBHT): $250.81, down $0.79 (0.31%)
Investor Sentiment
The muted and mixed trading across transportation and logistics names suggests investors are viewing the refund process as incremental rather than transformative. While recovering tariff payments could support cash flow, the phased timeline reduces the likelihood of an immediate earnings impact.
At the same time, Trump’s remark underscores that trade policy remains politically charged. Companies may feel pressure not only to secure eligible refunds but also to demonstrate compliance amid ongoing tariff debates. Investors are likely to watch both reimbursement timing and broader trade policy developments as the situation unfolds.
NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
[email protected]