“The volume and pace of refunds continue to depend on CBP’s processing of claims,” DHL said in a statement.<\/p>\n
What Are Retailers Doing?<\/p>\n
Major retailers mostly plan to use tariff refunds to lower prices rather than issue direct consumer refunds, as most indirectly passed on tariff costs or absorbed them.<\/p>\n
Amazon received $600 million in tariff refunds last quarter. CFO Brian Olsavsky stated that while Amazon rarely acts as the importer of record, it will automatically refund customers in limited cases where specific import charges were directly passed on, using remaining refunds to lower prices.<\/p>\n
Other large retailers report similar strategies. Best Buy expects to use refunds to offer customer value, while Costco plans to return passed-on tariffs \u201cin some form,\u201d depending on refund timing, amounts, and ongoing litigation.<\/p>\n","protected":false},"excerpt":{"rendered":"“The volume and pace of refunds continue to depend on CBP’s processing of claims,” DHL said in a…\n","protected":false},"author":2,"featured_media":321076,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[9,11,10],"class_list":["post-321075","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-new-york","tag-new-york-headlines","tag-new-york-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/321075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=321075"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/321075\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/321076"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=321075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=321075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=321075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}