WASHINGTON − The United States will have to send refunds to countries around the world if the Supreme Court rules against President Donald Trump's tariffs, Treasury Secretary Scott Bessent said.
"We would have to give a refund on about half the tariffs, which would be terrible for the treasury," Bessent told "Meet the Press" on Sept. 7.
Pressed by host Kristen Welker to say whether Treasury was "prepared" to issue refunds, he added: "If the court says it, we'd have to do it."
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The Trump administration last week asked the Supreme Court to expedite its appeals process after lower courts ruled he'd overstepped his authority in imposing widespread tariffs, asking the court to decide by Sept. 10 whether it would hear arguments in November.
