Treasury Secretary Bessent Warns of Massive Tariff Refunds Ahead of Supreme Court Decision

U.S. Treasury Secretary Scott Bessent issued a stark warning on Sunday, stating that his agency would be compelled to issue billions in refunds if the Supreme Court rules against President Donald Trump‘s controversial tariff policy. While expressing confidence in the administration’s legal position, Bessent highlighted the significant financial disruption a negative ruling could cause for the Treasury.

Speaking on NBC’s “Meet the Press,” Bessent explained that an adverse decision would necessitate refunding approximately half of the collected tariffs, a scenario he described as “terrible for the Treasury.” Despite the potential setback, he affirmed the agency’s commitment to comply with any court order.

Last week, the Trump administration formally requested an expedited ruling from the Supreme Court to overturn an appeals court decision that deemed many of its tariffs on imports illegal. Bessent had previously cautioned that a delayed ruling until June 2026 could see up to $1 trillion in tariffs collected, making the unwinding process exceptionally challenging. The prospect of such substantial refunds could lead to an unprecedented financial windfall for businesses and entities that paid the duties.

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