USA: Refund of US tariffs: Who benefits from it – and who passes it on
After a Supreme Court ruling, the US has to refund billions of dollars in tariffs that were raised unlawfully. Which German companies are unexpectedly getting money back - and what they plan to do with it.
The US Supreme Court has ruled that certain tariffs imposed by President Donald Trump were unlawful, leading to $129 billion in refunds being processed by the US Customs and Border Protection (CBP). German companies, including DHL, Siemens Healthineers, Merck, Sartorius, Fresenius Medical Care, and Dräger, have received millions of euros in refunds, which many plan to pass on to their customers.
DHL received the largest refund to date, at €416 million, while Siemens Healthineers used its refund to increase its earnings forecast. The refunds relate to tariffs imposed under the International Emergency Economic Powers Act (IEEPA) of 1977.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
