What Is Your Tariff Refund
Claim Worth?
The Supreme Court struck down $175 billion in IEEPA tariffs. If you're an importer with a claim, you need to know its value — whether you're holding, selling, or negotiating.
Price My Claim →What Happened
On February 20, 2026, the Supreme Court ruled 6-3 in Learning Resources Inc. v. Trump that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. The ruling strikes down all IEEPA-based tariffs — including those on China, Canada, Mexico, and the "Liberation Day" reciprocal tariffs.
The Penn Wharton Budget Model estimates $175 billion in potential refund liability. However, the Court did not explicitly order refunds — it remanded to the Court of International Trade (CIT) to address remedy.
Hours after the ruling, President Trump held a press conference stating his administration would litigate refunds for "2 to 5 years" and simultaneously signed executive orders imposing replacement tariffs under Section 122 and initiating Section 301 investigations. These new tariffs are prospective only — they do not affect the obligation to refund past IEEPA collections.
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Interactive Calculator
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Sensitivity Analysis
See how your claim value changes across recovery rates, timing, and discount rates.
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Updated Analysis
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Base
- Interactive claim calculator
- 7-scenario probability model
- Sensitivity analysis (recovery × timing × rate)
- Sell vs. hold recommendation engine
- Current analysis snapshot
Pro
- Everything in Base
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- Ruling analysis & refund mechanisms
- Political landscape assessment
- Key risk matrix with mitigations
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- Update log as facts change