Bessent: Covering tariff refunds wouldn’t be a ‘problem’ for Treasury
Treasury holds nearly $774 billion to cover possible refunds from Trump's emergency tariffs challenged under the International Emergency Economic Powers Act.
6 Articles
6 Articles
Bessent: Covering tariff refunds wouldn't be a 'problem' for Treasury
Treasury Secretary Scott Bessent on Friday said it's no "problem" for the U.S. to pay off tariff refunds if the Supreme Court rules against President Trump's tariffs. "It won't be a problem if we have to do it, but I can tell you that if it happens — which I don't think it's going to...
U.S. Treasury Secretary Scott Bessent said the U.S. government has enough money to refund companies ..
U.S. Treasury Secretary Scott Bessent said the U.S. government has enough money to refund companies even if the Supreme Court rules that the so-called "mutual tariffs" imposed by the Donald Trump admi..
Treasury Confirms Trump Tariffs Can Fund Crypto Market Refunds
Refund Planning Details Scott Bessent, the Treasury Secretary, indicated that the refunds would be made in weeks or months. Therefore, the department is trying to hit the jackpot of avoiding the sudden outflows of cash, which might create stress in the funding operations or cause uncertainty in the financial markets in relation to the Supreme Court situation. But he emphasized that being prepared is an absolute necessity. He further explained th…
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