The Treasury Department will be forced to issue tariff-related rebates if the Supreme Court upholds a lower court order that blocked a large portion of the tariffs issued by the Trump administration earlier this year, Treasury Secretary Scott Bessent said on Sept. 7.
“We would have to give a refund on about half the tariffs, which would be terrible for the Treasury,” Bessent told NBC News’s “Meet the Press,” meaning that it would represent a loss in federal revenue.
“If the court says it, we’d have to do it,” he said, noting that the Trump administration is confident that it will win the case before the Supreme Court….
Treasury Will Be Forced to Refund ‘Half the Tariffs’ if Supreme Court Rules Against Trump, Bessent Says
