Calculate your true import costs under the new tariff regime. Interactive tools for landed cost analysis, exemption eligibility, and compliance requirements. Updated Feb 20, 2026: SCOTUS ruled 6-3 that IEEPA does not authorize tariffs. Trump signed Section 122 executive order: 15% global tariff (raised from 10% on Feb 21) for 150 days, effective Feb 24, 2026. 15% is the statutory maximum under Section 122. Penn Wharton estimates $175B+ in refunds. Carve-outs for certain agriculture, critical minerals, pharmaceuticals, semiconductors, energy, vehicles (existing 232). IEEPA rates below are now HISTORICAL. Section 232, 301, and new Section 122 rates remain in effect.
With SCOTUS justices seated feet away, Trump criticized their Feb 20 ruling striking down IEEPA tariffs and said he has "alternative" legal justifications. He claimed tariffs "paid for by foreign countries, will, like in the past, substantially replace the modern-day system of income tax." Reality check: Even 50% tariffs on all imports would generate less than 40% of income tax revenue (Peterson Institute). Trump's approval is at or near record lows, with voters blaming tariffs. Midterm elections loom in November 2026.
| Authority | Rate | Status | Expiry / Note |
|---|---|---|---|
| IEEPA (Emergency) | 10-50% | STRUCK DOWN | SCOTUS 6-3, Feb 20. $160B+ refunds at stake. |
| Section 122 | 15% | ACTIVE | Effective Feb 24. 150-day cap → expires ~July 24, 2026. HTS 9903.03.01. |
| Section 232 (Steel/Aluminum) | 25% | ACTIVE | Unaffected by SCOTUS. No expiry. |
| Section 232 (Autos) | 25% | ACTIVE | Non-USMCA vehicles/parts. UK side deal: 100K vehicles at 10%. |
| Section 301 (China) | 25-100% | ACTIVE | 100% on EVs, 50% on solar cells. Unaffected by ruling. |