U.S. importers face tariff uncertainty as they await a Supreme Court decision. Flexport launches a Tariff Refund Calculator to estimate potential refunds tied to tariffs imposed under the IEEPA. The tool aims to help businesses prepare for possible refunds that could total billions of dollars across industries if the Court rules in favor of importers.

Flexport’s calculator allows importers to upload Customs entry data to estimate affected tariffs and potential refunds. The Supreme Court case questions the executive branch’s authority to levy tariffs under the IEEPA. Justices’ questioning during oral arguments raises the possibility of duties being struck down, prompting importers to prepare for potential refunds.

Preparation for potential refunds involves timely protests, detailed entry records, and coordination with customs brokers and legal counsel. Large importers have filed protective claims, while mid-sized companies risk being unprepared. Flexport aims to help businesses of all sizes stay compliant and manage risks amidst regulatory changes.

Flexport’s move reflects a trend of logistics providers becoming financial and compliance advisors amid regulatory changes. U.S. Customs and Border Protection is modernizing refund processing, potentially preparing for an influx of claims if the Court rules against the government. The launch of the Tariff Refund Calculator could impact importers’ pricing strategies and capital allocation decisions.

The possibility of recovering past tariff payments could influence importers’ cash flow and risk management strategies. Flexport’s Tariff Refund Calculator offers businesses insight into potential refunds if the Supreme Court rules in favor of importers. U.S. importers are preparing for the uncertainty of potential refunds that could result from the Supreme Court decision on tariffs.

Read more at Yahoo Finance: Flexport launches tariff refund calculator as Supreme Court weighs tariff authority