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Treasury Secretary Bessent warns of massive refunds if the Supreme Court voids Trump tariffs
CNBC ^ | 9/7/2025 | Erin Doherty

Posted on 09/08/2025 7:24:05 AM PDT by Miami Rebel

Treasury Secretary Scott Bessent said Sunday that he is “confident” that President Donald Trump’s tariff plan “will win” at the Supreme Court, but warned his agency would be forced to issue massive refunds if the high court rules against it.

If the tariffs are struck down, he said, “we would have to give a refund on about half the tariffs, which would be terrible for the Treasury,” according to an interview on NBC’s “Meet the Press.”

He added, however, that “if the court says it, we’d have to do it.”

The Trump administration last week asked the Supreme Court for an “expedited ruling” to overturn an appeals court decision that found most of his tariffs on imports from other countries are illegal.

Generally, the Supreme Court could take as long as early next summer to issue a decision on the legality of Trump’s tariffs.

Bessent has said that “delaying a ruling until June 2026 could result in a scenario in which $750 billion-$1 trillion in tariffs have already been collected, and unwinding them could cause significant disruption.”

The prospect of the government having to refund tariffs of that magnitude could mean an unprecedented windfall to the businesses and entities that paid them.

The U.S. Court of Appeals for the Federal Circuit ruled last month that Trump overstepped his presidential authority when he introduced “reciprocal tariffs” on almost every country as part of his “liberation day” announcement.

The appeals court paused its ruling from taking effect until Oct. 14, giving the Trump administration time to appeal the ruling to the Supreme Court.

Trump has requested that the Supreme Court hear arguments on his appeal in early November and issue a final decision on the legality of the disputed tariffs soon thereafter, according to filings obtained by NBC News from the plaintiffs in the case.

Before court action, Trump’s tariffs were set to affect nearly 70% of U.S. goods imports, according to the Tax Foundation. If struck down, the duties would impact just roughly 16%.

However, while Bessent and others have expressed confidence that the Supreme Court will rule in its favor, the administration is working on backup plans in case it does not.

National Economic Council Director Kevin Hassett said Sunday that there are “other legal authorities” that the administration could take if Trump’s tariffs are blocked.

“There are other things that could happen should it go that way,” Hassett said on CBS News’ “Face the Nation” if the tariffs are overturned. Some of those efforts could include implementing tariffs through Section 232, or sector-specific levies.

Section 232 of the Trade Expansion Act of 1962 allows the president to implement levies “so that such imports will not so threaten to impair the national security,” following an investigation into trade practices, NBC News reports.

For example, the Trump administration in August expanded its 50% steel and aluminum tariffs to include more than 400 additional product categories, according to the Department of Commerce. Trump has also threatened to impose steep tariffs on semiconductors and pharmaceuticals.

Other levies that would not be affected by Trump’s court battle are those on low-cost items. The administration officially eliminated the “de minimis exemption” on U.S.-bound goods valued at $800 or less.

On Saturday, the Universal Postal Union, an agency of the United Nations, said postal traffic into the U.S. plummeted by more than 80% after the Trump administration ended the tariff exemption on cheap imports as postal operators looked for guidance on compliance with the new rules.


TOPICS: Business/Economy
KEYWORDS: congress; nevertrumpkywrdtroll; scotus; tariffs; tariffsaretaxes; trollsareretards; wepaytariffs

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1 posted on 09/08/2025 7:24:05 AM PDT by Miami Rebel
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To: Miami Rebel

Can’t spend money that Congress hasn’t allocated, right?


2 posted on 09/08/2025 7:29:34 AM PDT by bigbob (If thou doth eff around, thou wilt findeth out)
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To: Miami Rebel
He added, however, that “if the court says it, we’d have to do it.”

*************

If the courts are going to decide everything what's the point of the people deciding what THEY want?

3 posted on 09/08/2025 7:31:28 AM PDT by Starboard
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To: bigbob

If the monies were illegally garnished, returning them wouldn’t be an expenditure.


4 posted on 09/08/2025 7:32:36 AM PDT by Miami Rebel (Yep. I'd rather trust Smithfiekd and their Chinese overlords.)
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To: Miami Rebel

The ‘Tariffs’ are trade agreements with other nations. Therefore, they should be approved by Congress, IMHO. Let Congress vote on them.

The Republican who vote ‘NO’ should be primaried out now. The Democrats, in their full blown TDS, will vote ‘NO’. That will be cause for the manufacturing Unions will turn on them. Then they will have democrats inclusion tent will be of ‘Socialists, Communists, Fascists, the Ultra Rich, LGBTQ+ and Pedophiles, and crazy people/Karens’ as their base.

There can be some good use for this to go to Congress.


5 posted on 09/08/2025 7:33:38 AM PDT by Pete Dovgan
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To: Miami Rebel

American businesses get their money back. Sounds good.


6 posted on 09/08/2025 7:36:27 AM PDT by GrootheWanderer
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To: Starboard

I dunno, but the courts have been tempering presidential and congressional indicatives since the beginning of the Republic.

I’m not defending this decision, but the Founding Fathers explicitly designed the system so that appointed judges could hold the other two branches to Constitutional limitations.


7 posted on 09/08/2025 7:36:43 AM PDT by Miami Rebel (Yep. I'd rather trust Smithfiekd and their Chinese overlords.)
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To: Miami Rebel

With so many Federal judge obstructions of Trump policies, why in the heck is the USSC just sitting on their hands? Geeezzz…


8 posted on 09/08/2025 7:37:53 AM PDT by volare737 ( Diversity is something to be overcome, not celebrated. )
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To: GrootheWanderer

Bad news: The deficit will explode.

Good news: My wife will get back the twenty-some-odd dollars she was charged as a tariff on yarn she ordered from Denmark.


9 posted on 09/08/2025 7:38:27 AM PDT by Miami Rebel (Yep. I'd rather trust Smithfiekd and their Chinese overlords.)
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To: Miami Rebel
Good news: My wife will get back the twenty-some-odd dollars she was charged as a tariff on yarn she ordered from Denmark.

Don't be too hasty.

There are user fees, federal tax on unreportd income, transport fees, storage fees, delivery fees,....likley they will send you a bill for a couple bucks to offset what you will owe.

10 posted on 09/08/2025 7:44:19 AM PDT by going hot (Happiness is a Momma Deuce)
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To: going hot

I know we’re just having fun here, but if a court compelled your neighbor to return the lawnmower he borrowed from you, I doubt it would allow him to charge you for storage and handling.


11 posted on 09/08/2025 7:45:53 AM PDT by Miami Rebel (Yep. I'd rather trust Smithfiekd and their Chinese overlords.)
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To: Miami Rebel
He added, however, that “if the court says it, we’d have to do it.” --"Faaaaaabulous" Scott Bessent

Because you are weak,cowardly and stupid. And that is why your team of retards are LOSERS too. If WE THE PEOPLE were not punished for your weakness, stupidity, cowardice and retardation, it wouldn't matter.

12 posted on 09/08/2025 7:48:14 AM PDT by Captainpaintball (America needs a Conservative DICTATOR if it hopes to survive. )
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To: Miami Rebel

Where are the deficit hawks?


13 posted on 09/08/2025 7:49:15 AM PDT by central_va ( I won't be reconstructed and I do not give a damn...)
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To: Miami Rebel

Illegal? Our resident globalist pig dog is barking.


14 posted on 09/08/2025 7:50:14 AM PDT by central_va ( I won't be reconstructed and I do not give a damn...)
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To: Captainpaintball

Show us on the doll where Bessent touched you.

Bessent was giving a WARNING. How obtuse can you be?


15 posted on 09/08/2025 7:50:34 AM PDT by Miami Rebel (Yep. I'd rather trust Smithfiekd and their Chinese overlords.)
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To: GrootheWanderer

Globalist traitors sure are happy today.


16 posted on 09/08/2025 7:51:20 AM PDT by central_va ( I won't be reconstructed and I do not give a damn...)
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To: Miami Rebel

BS. Judicial activism started when n the 1960s.


17 posted on 09/08/2025 7:52:22 AM PDT by central_va ( I won't be reconstructed and I do not give a damn...)
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To: Miami Rebel
Good news: My wife will get back the twenty-some-odd dollars she was charged as a tariff on yarn she ordered from Denmark.

Supreme court can't push Denmark around like it can all of us so you can kiss that $20 gone forever.

18 posted on 09/08/2025 7:52:26 AM PDT by pepsi_junkie ("We want no Gestapo or Secret Police. F. B. I. is tending in that direction." - Harry S Truman)
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To: Starboard
If the courts are going to decide everything what's the point of the people deciding what THEY want?

1. Did you ever vote for (or against) a tariff?

2. Did Congress (our elected representatives) ever vote for the tariffs that are under dispute before the Supreme Court?

19 posted on 09/08/2025 7:52:26 AM PDT by Alberta's Child ("Although my eyes were open, they might just as well be closed.")
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To: Miami Rebel

Would the court ask you to give back the twenty bucks you charged him to borrow it?


20 posted on 09/08/2025 7:52:49 AM PDT by going hot (Happiness is a Momma Deuce)
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