BCNYS
In February, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs, striking down 2025 "reciprocal" tariffs issued by the administration. The ruling affirmed that Congress holds the constitutional power to levy duties, forcing the refund of over $166 billion in collected tariffs.
This is good news for a lot of small businesses and importers. It means many may now be eligible for refunds on those tariffs. The difficult part is attempting to figure out whether your business qualifies—and what to do next.
Customs and Border Protection (CBP) is getting ready to unveil an online portal to handle such refund claims. While the system is still being finalized, now is a good time for businesses to get organized. That includes checking whether you actually paid tariffs under IEEPA, understanding which duties might qualify for a refund, and gathering any records you’ll likely need once the process opens.
If you’re not sure where to start, the U.S. Chamber of Commerce has put together a helpful online guide that walks through the basics and what to expect. It’s a useful resource as businesses begin to navigate what could be a valuable—but somewhat complicated—opportunity.
How to Apply for Tariff Refunds - CLICK HERE
