Treasury Secretary Bessent warns of massive refunds if the Supreme Court voids Trump tariffs | AI News Digest
Treasury Secretary Scott Bessent expressed confidence that President Trump's tariff plan will prevail in the Supreme Court, but warned of significant refunds if it does not. The tariffs, which impact nearly 70% of U.S. goods imports, could lead to refunds amounting to $750 billion-$1 trillion if struck down. The Trump administration is seeking an expedited ruling from the Supreme Court following a federal appeals court decision deeming most tariffs illegal. Backup plans are being considered in case the tariffs are blocked, including the use of other legal authorities.
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