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America will refund about ‘half the tariffs’ if SCOTUS rules Trump overstepped, Bessent says

The U.S. Supreme Court will review Trump's tariffs imposed under the International Emergency Economic Powers Act, with potential refunds possibly exceeding $500 billion, Treasury warns.

  • The United States may need to refund billions if the Supreme Court rules that President Donald Trump overstepped his authority on tariffs, as stated by Treasury Secretary Scott Bessent.
  • Federal courts have decided that Trump lacked authority to impose tariffs based on the 1977 International Emergency Economic Powers Act, which could affect his trade agenda.
  • Bessent warned that the refunds could total between USD 750 billion and USD 1 trillion, causing significant disruption for US finances if litigation continues until mid-2026.
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Supreme Court loss would force US to refund 'about half' of tariffs, Bessent says

Trump warned that America could sink into a "Great Depression" if a court curbs his tariff authority.

·Portland, United States
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News & Record broke the news in Cherokee County, United States on Saturday, September 6, 2025.
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