Source: Politico
“Treasury Secretary Scott Bessent acknowledged Sunday that the U.S. may have to refund tens of billions of dollars in tariffs imposed since the start of President Donald Trump’s second term if the Supreme Court rules they are illegal. ‘We would have to give a refund on about half the tariffs, which would be terrible for the Treasury,’ Bessent said in an interview Sunday on NBC’s ‘Meet the Press.’ Asked by anchor Kristen Welker if the administration was prepared to provide those refunds, Bessent replied, ‘If the court says it, we’d have to do it.’ He added that he was confident Trump would win the case. Bessent’s remarks follow two court rulings that found Trump lacked the authority to impose tariffs on nearly every country under a 1970s era emergency law, known as the International Emergency Economic Powers Act.” (09/07/25)
https://www.politico.com/news/2025/09/07/bessent-half-refund-tariffs-scotus-00549539