tED magazine talks with NAED’s Director of Government Relations, Bud DeFlaviis, about why distributors usually do not have a direct claim to IEEPA tariff refunds, why unwinding tariff-driven price increases is so difficult, and how distributors can explain that reality to customers. tED Magazine: Bud, what is the biggest misunderstanding in the market right now about tariff refunds? Bud DeFlaviis: We hear a lot that since the IEEPA tariffs were struck down, everyone who absorbed higher prices will easily get money back. That’s not how this works. The Supreme Court’s February 20, 2026 ruling held that IEEPA did not authorize the broad reciprocal and drug-trafficking tariffs, and CBP (Customs and Border Protection) has launched its refund process using a tool called CAPE (Consolidated Administration and Processing of Entries). But that government refund process is built around the importer of record — the party that paid Customs — not every company farther down the supply chain that later paid higher prices.  tED Magazine: So who actually has the legal claim to a refund? Bud: In most cases, the importer of record does.  tED Magazine: Are the tariffs gone? Are they coming back? Bud: The IEEPA tariffs are gone. However, other tariffs imposed under the Trump administration remain in effect and the President has signaled that he wants to continue to find mechanisms to impose additional tariffs. Tariff Q&A With NAED Director of Government Relations, Bud DeFlaviis – tEDmag