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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Trump is praying for Supreme Court loss as way out of mess he's created: expert
President Donald Trump is fighting to prove his authority to impose steep tariffs without congressional approval, but one analyst speculated that he wouldn't mind losing the legal battle that's swirling around it.The U.S. Court of International Trade ruled in May that most of the president's tariffs...
·United States
Read Full ArticleWill US refund tariffs if Supreme Court rules against Trump’s policy?
Donald Trump’s tariffs face a crucial Supreme Court test after lower courts ruled they exceeded presidential authority under the International Emergency Economic Powers Act. The government has already collected over $210 billion in disputed tariffs. US Treasury Secretary Scott Bessent has confirmed that the US would have to give a refund on about half of the tariffs
·Mumbai, India
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Total News Sources68
Leaning Left11Leaning Right16Center23Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 22%
C 46%
R 32%
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