US EditionBessent dodges questions about tariff refunds
Treasury Secretary Scott Bessent said the $134 billion tariff refund decision will await a lower court ruling after the Supreme Court remanded the case.
- On Sunday, Treasury Secretary Scott Bessent declined to commit to refunding roughly $134 billion in emergency-tariff revenue during a CNN interview with Dana Bash, rejecting her question's framing.
- The Supreme Court's narrow IEEPA ruling remanded the case to a lower federal court, while the Justice Department told a federal appeals court last year it would issue refunds if tariffs were unlawful.
- In the CNN exchange, Bash pressed where revenues over $100 billion would go, while Bessent insisted, `No, no, no, Dana, it is not up to me` and refused to `get out ahead of the court`, citing a possible lower court timeline of weeks or months.
- Despite alternatives, Bessent pointed to judicial limits, saying `the court did not accept his view` and refunds are `not an executive decision` but controlled by the lower court and the judiciary.
- The Supreme Court did not resolve refunds, leaving the major fiscal question unresolved as the refunds question proceeds to a lower federal court with U.S. businesses involved.
17 Articles
17 Articles
The government is obliged to reimburse $134 billion (and the figure continues to rise) in revenue collected by President Donald Trump’s extensive tariffs that the Supreme Court declared illegal last week. How much of that amount will consumers who paid the high tariffs through higher prices recover? Almost certainly nothing. This is because consumers pay the tariffs indirectly: for the most part, it is not they who make the real payment to the g…
You paid for tariffs — but you won’t get a slice of tariff refunds
The government is on the hook to refund $134 billion – and counting – worth of tariff revenue collected from President Donald Trump’s most sweeping tariffs, which were rendered illegal by the Supreme Court last week.
Tariff-ic Excuses On The Sunday Shows!
SCOTUS told him constitutionally it’s a ‘No.’After a 6-3 decision by the Supreme Court that Donald Trump must GTFOH with his “emergency tariffs” bullshit, and Tonce rump had a calm and rational meltdown response about it, his administration sent out its best messengers to the Sunday shows.Treasury Secretary Scott BessentBessent made one of two appearances Sunday on CNN’s State Of The Union with host Dana Bash.Because when we think of a relatable…
Scott Bessent demurs on plans to refund Trump’s IEEPA tariffs as admin rolls out plan B
Treasury Secretary Scott Bessent deferred to the lower courts to determine how refunds for President Trump's International Emergency Economic Powers Act (IEEPA) tariffs will work in the wake of the Supreme Court's ruling.
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