UPS and FedEx have begun filing for some tariff refunds

Refunds for tariffs have begun, but it may take months for consumers to start receiving these rewards.

After the Supreme Court ruled some tariffs were unconstitutional, U.S. Customs and Border Protection launched a refund process Monday for companies to begin demanding the money back.

The refund process only affects taxes collected under the International Emergency Economic Powers Act, or IEEPA, which are specific tariffs that the Supreme Court invalidated. Some tariffs, such as those under Section 232 or Section 301 of the Trade Expansion Act of 1962, are still in effect.

The tariff refund portal, called Consolidated Administration and Processing of Entries, will allow registered importers to submit refund requests. CBP will then process these requests in phases, with the first phase only covering refund requests for entries that CBP has completed within the last 80 days.

For shippers POWER SUPPLY And FedExThis could mean a payday for companies and ultimately customers.

UPS said this week that it will work to request and receive tariff refunds from CBP on behalf of customers for all shipments for which the company is the importer of record, meaning customers will not need to contact UPS.

Still, the company noted that refunds can take up to three months to be delivered to UPS, and only then can UPS issue refunds to customers.

“We remain focused on keeping shipments moving forward and helping our customers fully exercise their rights throughout this complex process,” UPS said in a statement. he said. “We are following legal developments closely and will share updates as much as possible.”

The shipping company said it received CBP guidance on only the first phase of tariff rebates.

FedEx also told CNBC that it has begun submitting requests to CBP for tariff refunds.

“Supporting our customers as we navigate regulatory changes remains our top priority,” FedEx said in a statement.

The company said its process is “simple”: If CBP issues refunds to FedEx, it will also issue those refunds to the shippers and consumers who paid those fees.

FedEx said it will also generate the reports needed to secure refunds on behalf of its customers.

DHL It told CNBC that it has also begun applying for tariff refunds, automatically starting the process for all shipments for which it is the importer of record.

“We will continue to monitor developments closely, engage with authorities and communicate transparently as further guidance becomes available,” the company said in a statement. he said.

On Tuesday, President Donald Trump told CNBC’s “Squawk Box” that he would “remember” companies that did not seek tariff refunds.