# USD 128.7 billion tariff refunds reach US firms, Apple gets Rs 18,400 crore

2026-08-13T08:48:19+00:00 | World & Diplomacy | Indian Opinion Desk

Corroboration: 2 independent outlets

Shipping companies FedEx, UPS, and DHL have begun passing on tariff refunds to customers after the US Supreme Court struck down sweeping duties imposed under the 1977 International Emergency Economic Powers Act. FedEx has disbursed USD 800 million, while Apple reported receiving nearly USD 2.2 billion (about Rs 18,400 crore). Over 40 S&P 500 firms have collectively reported USD 9.6 billion in refunds, according to the Hindustan Times. US Customs and Border Protection has accepted USD 128.7 billion in refund applications so far. Shipping firms are refunding consumers who paid import duties directly, with credits going to credit cards or bank accounts. Major retailers like Costco have said they will pass refunds to customers in some form. Over 80 class-action lawsuits have been filed against companies like Amazon and Nike by consumers seeking refunds on tariff costs passed on through higher prices.

## Coverage

- livemint.com <https://www.livemint.com/news/us-news/tariff-refunds-for-overseas-purchases-are-now-reaching-buyers-through-shippers-who-are-eligible-for-the-credit-11786600153203.html>
- hindustantimes.com <https://www.hindustantimes.com/business/tariff-refunds-are-here-and-turbocharging-earnings-101786611191766.html>

Tags: FedEx refund, import duties, Supreme Court, Trump trade policy, UPS refund, US tariffs
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