United Parcel Service (UPS) and FedEx (FDX) have begun filing for some tariff refunds, CNBC reports; any money could take months to reach customers

The initiation of tariff refund requests by UPS and FedEx signals ongoing challenges related to trade policies, which may impact their cost structures and profitability. This move could be seen as a reaction to recent tariff adjustments, and if successful, it may take considerable time for refunds to materialize, influencing market sentiment and operational strategies in the logistics sector.