UPS submits a request for a $500 million tariff refund and promises to pass the savings on to its customers.

UPS has been significantly impacted by U.S. tariffs, processing 16 million entries and remitting over $5 billion to the Treasury. CEO Carol Tomé stated that UPS acts merely as a pass-through for these funds, and now that tariffs are refundable, the company is filing applications for approximately $500 million. Tomé emphasized cooperation with the government rather than confrontation. UPS is also focusing on small and medium-sized businesses and healthcare logistics, showing resilience with Q1 2026 revenues at $21.2 billion, despite overall volume declines.