Home topics news via pexels News News Trump’s tariffs just got struck down. This free tool tells you how much your business could get back Yajush Gupta February 21, 2026 A free Flexport calculator lets importers upload their customs data and see potential IEEPA refund figures. What’s happening: The U.S. Supreme Court ruled 6-3 on 20 February 2026 that tariffs imposed under the International Emergency Economic Powers Act (IEEPA) are unconstitutional. Logistics provider Flexport has released a free Tariff Refund Calculator to help importers estimate what they may be owed, pegged directly to the ruling. In a 6-3 decision written by Chief Justice John Roberts, the Supreme Court held that IEEPA, a 1977 statute, does not grant the president authority to impose tariffs. “IEEPA contains no reference to tariffs or duties,” Roberts wrote, adding that no previous president had ever read the law as conferring such power. The ruling invalidates tariffs applied to Canada, Mexico, China, and the broader roster of trading partners targeted by the April 2025 “Liberation Day” executive orders. Tariffs imposed under Section 232 and Section 301 of the Trade Act remain in place, as do rates locked in through bilateral agreements such as the flat 15 per cent arrangement with the United Kingdom. What could be refunded Economists from PNC Financial Services Group estimate total refunds could approach $150 billion. The Yale Budget Lab noted that $142 billion in IEEPA tariff revenue was collected over 2025. Refunds apply only to IEEPA tariffs, which include levies commonly