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FedEx and UPS to Refund Tariffs Following Court Ruling

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AI Summary
FedEx and UPS have announced they will issue refunds to customers after a February court decision struck down tariffs imposed by the Trump administration under the International Emergency Economic Powers Act (IEEPA). This ruling is significant as it affects numerous shipments that incurred additional costs due to these tariffs. Customers who were charged these fees can expect to receive their refunds, though specific details on the refund process have yet to be fully outlined. This decision is crucial for businesses and individuals who faced increased shipping costs due to these tariffs.
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