American Businesses Paid $8.3 Billion in Section 122 Tariffs in First Full Month of Trump's IEEPA Replacement Strategy

Total presidential tariffs since March 2025 reach $283 billion; many refunds reaching businesses will go to past (IEEPA-related) debts or set aside for future tariffs.

WASHINGTON, D.C., May 6, 2026. New Census Bureau data released today provides the first look at the cost of the Trump administration’s strategy to replace the IEEPA tariffs the Supreme Court struck down. Based on the new data, American businesses paid approximately $8 billion in Section 122 tariffs in March 2026, the first full month those tariffs were in effect. Total presidential tariffs paid by American businesses since March 2025 have now reached $283 billion, including the $166 billion collected under IEEPA before the Supreme Court’s ruling.

The data, compiled by Trade Partnership Worldwide, also provides a state-by-state breakdown of tariff costs imposed on businesses under all relevant authorities, including the new Section 122 surcharge, the IEEPA tariffs ruled unlawful by the Supreme Court, Section 232, and Section 301.

“There has been little relief from the onslaught of tariff costs for small businesses,” said Dan Anthony, Executive Director of We Pay the Tariffs. “IEEPA refunds should start soon, but Section 122 costs are adding up, and small businesses are bracing for new Section 301 and 232 tariffs that could be locked in for years.”

Section 122 tariffs took effect on February 24, four days after the Supreme Court’s IEEPA ruling. They impose a 10 percent tariff on imports from virtually every country and are scheduled to expire on July 24. The administration has signaled it will use the 150-day Section 122 window to impose new Section 301 and 232 tariffs that could serve as a permanent replacement for IEEPA.

Costs Borne in Every State

Tariff costs continue to fall on businesses in every state and across the political spectrum. Texas businesses have now paid $30 billion in total presidential tariffs since March 2025, Michigan $19 billion, Georgia $17 billion, Florida $9.7 billion, Ohio $9.3 billion, and Tennessee $9.2 billion. The full state-by-state breakdown is available at wepaythetariffs.com/impact-map.

Refunds Are Reaching Businesses, but the Costs Continue

CBP’s CAPE refund portal launched on April 20, 2026, and refunds of the $166 billion in unlawfully collected IEEPA tariffs should begin reaching businesses soon. But many coalition members report the dollars will be used to pay off IEEPA-related debts (or set aside to cover future tariffs), reducing the positive impact such refunds could have for those companies, workers, and the American public more broadly.

Small Business Interviews Available

We Pay the Tariffs can connect media with small business owners from across the country who can describe firsthand the impact of Section 122 tariffs and the broader tariff regime on their operations, employees, and customers. Contact press@wepaythetariffs.com to arrange interviews.

About the Data

All data come from Trade Partnership Worldwide’s State Tariff Tracker (“Tracker”) database. The Tracker combines national import and tariff data from the U.S. Census Bureau (Census), including details on special provisions that either lower tariffs (e.g., preference claims such as USMCA) or increase them (e.g., Chapter 99 rates for Section 301 or IEEPA tariffs), tariff schedules from the U.S. International Trade Commission (ITC), and state import value data from Census. Trade Partnership Worldwide data is frequently cited in national and international media including The Wall Street Journal, The New York Times, The Washington Post, ABC, NBC, CBS, Axios, Politico, CNBC, CNN, BBC, and more.

View State-by-State Data: The map showing tariff costs for all 50 states is available at wepaythetariffs.com/impact-map.

About We Pay the Tariffs

We Pay the Tariffs is a grassroots coalition of nearly 1,200 small businesses that advocates against tariffs. Members include restaurants, manufacturers, retailers, importers, and other enterprises from every U.S. region. For more information: www.wepaythetariffs.com.