Treasury Will Be Forced to Refund ‘Half the Tariffs’ If Supreme Court Rules Against Trump, Bessent Says

Treasury Secretary Scott Bessent adds that such a decision would ‘be terrible’ for his department.
Treasury Will Be Forced to Refund ‘Half the Tariffs’ If Supreme Court Rules Against Trump, Bessent Says
Shipping containers at the Port of Miami in Miami, Fla., on Aug. 7, 2025. Chandan Khanna/AFP via Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
0:00

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 tariffs that were issued by the Trump administration earlier this year, said Secretary Scott Bessent on Sunday.

“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.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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