Shipping companies are quick out of the gate to collect refunds for tariffs, even as President Trump begins to apply political pressure for them to forgo the money.
DHL (DHL.DE), FedEx (FDX), and UPS (UPS) have all confirmed plans in recent days to seek refunds of the tariffs they paid over the last year, which were declared illegal by the Supreme Court in February.
“We are beginning to file claims,” FedEx said in a statement to Yahoo Finance.
All three companies are also pairing their requests with promises to pass along the money to their customers.
“DHL Express is committed to helping customers recover IEEPA tariffs they paid,” DHL wrote in its statement. UPS said it was making its requests “on our customers’ behalf.”
For shipping companies, customers have a clear case for refunds, as tariffs are often a line item on shipping invoices.
Read more: What Trump’s tariffs mean for the economy and your wallet
US Customs and Border Protection opened an online portal this week for businesses to apply for refunds, only for Trump to discourage businesses from using it.
He said on Tuesday he would “remember” companies that declined to seek refunds after he was asked in a CNBC interview whether companies like Amazon (AMZN) and Apple (AAPL) might not request refunds for fear of angering him.
“I think it’s brilliant [and] if they don’t do that, I’ll remember them,” the president said.
About $166 billion in tariff collections is eligible to be refunded, and any money will flow to businesses, as only the importers of record can request refunds.
Yet the pressure is mounting for all companies to pass along any refunds they get to customers who paid higher prices because of the duties.
At least 17 lawsuits have been filed against companies, including FedEx, Costco (COST), and UPS, and growing political pressure was also on display on Capitol Hill on Wednesday.
In testimony before the House Ways and Means Committee, US Trade Representative Jamieson Greer was repeatedly pressed by Democrats to ensure the money would make its way to customers.
“Customs and Border Protection is on it, and they have a portal that’s been open for a few days,” Greer said, but he denied that customers are paying higher prices because of tariffs.
Greer was also asked to respond to Trump’s claim in the CNBC interview that refund money is headed to America’s adversaries.
Greer noted that some of the money would be “going back to actually foreign companies … who are unfortunately dependent on China for their supply chains.” But he tried to walk back Trump’s claim that in many cases “the enemy is getting this money”.







