Treasury Secretary Scott Bessent said Sunday that he is “confident” that President Donald Trump’s tariff plan “will win” at the Supreme Court, but warned his agency would be forced to issue massive refunds if the high court rules against it.
If the tariffs are struck down, he said, “we would have to give a refund on about half the tariffs, which would be terrible for the Treasury,” according to an interview on NBC’s “Meet the Press.”
He added, however, that “if the court says it, we’d have to do it.”
The Trump administration last week asked the Supreme Court for an “expedited ruling” to overturn an appeals court decision that found most of his tariffs on imports from other countries are illegal.
Generally, the Supreme Court could take as long as early next summer to issue a decision on the legality of Trump’s tariffs.
Bessent has said that “delaying a ruling until June 2026 could result in a scenario in which $750 billion-$1 trillion in tariffs have already been collected, and unwinding them could cause significant disruption.”
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