When the government announced that it would impose IEEPA tariffs back in February of 2025, the message was straightforward and confident: China would pay, as well as other foreign countries. The administration also promised American consumers that they would benefit from the same, and that their rights would be protected, and manufacturing jobs in the country would experience a comeback. However, economic studies tell a completely different story. The Federal Reserve Board put out a working paper in February 2026 analyzing the pass-through of IEEPA tariffs to domestic prices, and it found that 90 percent of the tariff cost was actually burdened by US consumers and businesses, and only 10 percent was absorbed by foreign suppliers in the form of lower export prices. This was in complete contradiction of every public statement that was made by the administration regarding who really would take over the burden of IEEPA tariffs, and it should be something that should weigh heavily in your decision and action with regard to applying for IEEPA tariff refunds as an import corporation – read on to find out more.
Are you looking for a best IEEPA tariffs refunds attorney? Please call us NOW at (314) 481-63338 to learn more about your legal options for justice and compensation as they relate to IEEPA refunds and the process. McCready Law is proud to announce that we have joined forces with Frost Law Arizona to help corporations and businesses that were unlawfully levied duties against during the February 2025 to February 2026 period, and thanks to the Supreme Court ruling, the government was ordered to pay back all these duties to over 300,000 affected businesses across the country. Our strategic partnership means we are able to assess your claim, consolidate your entries via an in-depth forensic audit to discover just how much the government owes you, file protective orders on your behalf, and even litigate your claim in front of the Court of International Trade should the government become recalcitrant about processing your IEEPA refunds. We offer the forensic audit at NO CHARGE as well as a 100% FREE initial consultation phone-call, and we work efficiently and ensure all your valid entries are presented as a complete dossier to CBP and relevant authorities, leaving you to focus on more pressing business matters. Need assistance with IEEPA refund rejections or processing? Call us NOW at (314) 481-63338 to speak with an experienced attorney and tax experts at no cost to you.
Tariff Incidence – What is This and What Does it Mean for Your Business?
The term “tariff incidence” refers to the individuals or agencies or organizations that eventually bear the cost of a tariff. In a perfect world and with perfect models, the cost should be borne by the foreign exporter, who might then attempt to lower their prices in order to maintain commercial relevance in their target country. However, real-world results have shown over and over that whoever is less flexible with take up majority of the cost.
In addition, a Yale Budget Lab study that was last updated in April 2026 did the simulations for the deadweight loss of the IEEPA tariffs and realized that economic efficiency losses were $0.85 for every dollar of tariff revenue collected, meaning that tariffs were three times more damaging than increasing taxes as they raise consumer prices while messing with the country’s trade relationships with other countries, while generating negligible government revenue.
This therefore supports the argument that the tariffs you paid and the subsequent refunds as decreed by the Supreme Court are not windfalls, but they are repayment of money that your corporation and consumers paid. Think about it: you absorbed, unlawfully, 90 percent of the tariff costs; in this regard, your refund should really be viewed from the context of your commercial entity recovering operating expenses and not as unexpected income. In addition, the deadweight loss from said tariffs means that your business most likely suffered economic harm including but not limited to lost sales, supply chain disruptions, reduced loss margins and so on.
Best IEEPA Tariff Refund Attorneys – Call Us Today!
If you paid IEEPA tariffs and are looking into the refund process, we can help: we at McCready Law have partnered with Frost Law Arizona to help companies move through the refund process in a manner that is comprehensive and consequential. We offer 100% FREE forensic audits of all your IEEPA duty entries to separate them by category, expedite your claim for you as well as file protective protests so you can still be eligible for a refund regardless of what legal eventualities occur in the future. Lastly, we can litigate your claim for additional damages if you suffered financial harm as a result of these tariffs, thanks to our decades of experience where we’ve civilly recovered over $300 million in damages for both clients and private corporations. Need more information? Call us NOW at (314) 481-63338 to learn more about your legal options for justice and compensation. Thanks for choosing us, and we look forward to helping you.