{"id":5237,"date":"2026-08-14T05:11:55","date_gmt":"2026-08-14T05:11:55","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=5237"},"modified":"2026-08-14T05:11:55","modified_gmt":"2026-08-14T05:11:55","slug":"trumps-tariff-was-a-1000-tax-on-you-last-year-this-year-maybe-youll-get-a-small-refund-in-your-bank-account","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=5237","title":{"rendered":"Trump\u2019s tariff was a $1,000 tax on you last year. This year, maybe you\u2019ll get a small refund in your bank account"},"content":{"rendered":"<div>\n<p>Shippers including\u00a0FedEx and UPS that acted as customs brokers\u00a0for imported packages and received tariff refunds from the U.S. government have started to pass on those refunds to the customers that originally paid the tariffs.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5235\">Trump wants big pharma to split kids\u2019 vaccines. They\u2019ll probably ignore him<\/a><\/p>\n<p>The refunds to consumers are the last step in a monthslong process that kicked off in February when\u00a0the Supreme Court struck down sweeping tariffs\u00a0implemented by\u00a0President Donald Trump in March 2025\u00a0under the 1977 International Emergency Economic Powers Act on goods from almost every country. The court ordered the government to return the tariffs it collected.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>So far, about $100 billion in tariffs have been refunded to companies who paid them under a system set up by U.S. Customs and Border Protection.<\/p>\n<p>That doesn\u2019t mean Americans will get anywhere close to what they paid in tariffs, since most were paid indirectly. In 2025, the Trump tariffs amounted to an average tax increase of $1,000 per U.S. household, according to the Tax Foundation, a Washington, D.C., group that studies taxes.<\/p>\n<p>But some consumers are getting some of what they paid directly back from shippers including UPS, DHL and FedEx. The refunds are being rolled out in phases based on what date they were paid. Shippers have said they\u2019ll return the refunds on a rolling basis as they receive them.<\/p>\n<h2>Tariff refunds from shippers will be directly refunded to credit cards or bank accounts<\/h2>\n<p>FedEx said it has begun the process of issuing $800 million in tariff refunds it received from the government back to the customers that paid them. Customers don\u2019t need to apply to receive their refund, but they can enter tracking numbers for purchased items into\u00a0a portal on the FedEx website\u00a0to see whether or not they are due a refund.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>UPS said in April it had paid $5 billion in tariffs on behalf of clients and would begin the process of applying to the government for refunds. In the first phase, it applied for $500 million in refunds and said customers should get refunds one to three months after it receives reimbursement from the Treasury.<\/p>\n<p>DHL similarly said that it has filed claims for almost all eligible shipments where it served as the importer of record and is returning the refunds it has received.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>\u201cThe volume and pace of refunds continue to depend on CBP\u2019s processing of claims,\u201d DHL said in a statement.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<h2>Major retailers say they could give back some refunds but mostly will use them to lower prices<\/h2>\n<p>Unlike shippers who collected tariffs directly from customers, most big retailers passed on tariffs in indirect ways, changing their product lineups or partly absorbing higher costs, making a consumer refund unlikely.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5233\">Prediction markets\u2019 reputation comes back to earth after surprise result in Wisconsin<\/a><\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Amazon executives said last week the company received $600 million in tariff refunds in the second quarter.<\/p>\n<p>In a call with investors, Amazon CFO Brian Olsavsky said the company isn\u2019t the importer of record on most of the goods it sells and that it has absorbed some tariff costs. But he said the company has \u201cidentified a limited set of circumstances where we can trace that we pass specific import charges on to customers.\u201d In those circumstances, he added, \u201cwe will proactively contact affected customers and automatically issue refunds to them.\u201d<\/p>\n<p>Otherwise, he said, Amazon will use tariff refunds to lower prices for customers.<\/p>\n<p>That echoes what other large retailers have said. In May, Cori Barrie, outgoing CEO of Best Buy, the nation\u2019s largest consumer electronics chain, said the retailer is an importer of record of only about 2% to 3% of what it sells and that the company would use any refund it gets to \u201cdeliver value back to our customers.\u201d<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>And Costco CEO Ron Vachris said the company planned to return \u201cin some form\u201d the tariffs that were passed on to consumers.<\/p>\n<p>\u201cHow much we return and when depends on a variety of factors, including how much refund money we receive and when it arrives as well as developments in the lawsuit filed against the company regarding the return process,\u201d he said in a quarterly earnings call in May.<\/p>\n<h2>Dozens of class-action lawsuits have been filed<\/h2>\n<p>Some shoppers are suing to get the tariffs they paid in the form of higher prices back from companies. More than 80 class-action lawsuits have been filed by customers across the country against retailers including Costco, Nike, Amazon, Walmart and others.<\/p>\n<p>The lawsuits will face difficulty because plaintiffs will have to prove they paid for price increases that were specifically tied to the tariffs, according to Lori Leskin, partner and co-chair of law firm Arnold &amp; Porter\u2019s Consumer Products Practice Group. None of the lawsuits have yet been certified as class action, which would mean they apply to all customers.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>\u201cIt\u2019s going to be very hard for anyone to establish that the price increase they paid was due to tariffs and not some other market force,\u201d she said. \u201cMost of them are just talking about price increases, and to be able to trace a price increase due to a single factor is going to be really difficult given the multifactorial approach that most companies take.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=5231\">Trump trade enforcers deploy AI in tariff evasion crackdown<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shippers including FedEx, UPS and DHL are returning tariff refunds to customers after receiving reimbursements from the government.<\/p>\n","protected":false},"author":1,"featured_media":5236,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tariffs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump\u2019s tariff was a $1,000 tax on you last year. This year, maybe you\u2019ll get a small refund in your bank account - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=5237\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s tariff was a $1,000 tax on you last year. 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