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BumRushDaShow

(162,917 posts)
Mon Sep 8, 2025, 03:30 AM Sep 8

Bessent: US would have to give back half of tariffs if it loses at Supreme Court [View all]

Source: The Hill

09/07/25 6:08 PM ET


Treasury Secretary Scott Bessent said the United States would have to refund half of the tariffs if has collected if it loses its case on President Trump’s trade agenda at the Supreme Court.

Bessent said he feels “confident” the Trump administration will win the fight to rescue President Trump’s tariffs, but acknowledged it will be costly if there is a loss in the conservative-leaning High Court.

During an appearance on NBC’s “Meet the Press,” Bessent was asked by host Kristen Welker whether the administration was prepared to offer rebates on the tariffs if the Supreme Court ruled against them. “I am confident that we will win at the Supreme Court,” he said.

Pushed as to whether the administration would “be prepared” to offer rebates, Bessent said the U.S. “would have to give a refund on about half the tariffs,” adding that it “would be terrible for the Treasury.” “There’s no ‘be prepared,'” he said. “If the court says it, we’d have to do it.”

Read more: https://thehill.com/homenews/administration/5490721-trump-tariffs-supreme-court/

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Only half of the stolen money? Old Crank Sep 8 #1
Probably because BumRushDaShow Sep 8 #2
There were already legal tariffs. Maybe the net result of the new tariffs so far was double the revenue. thesquanderer Sep 8 #7
I know this game. I used to live in NYC. Walleye Sep 8 #3
NO... 2naSalit Sep 8 #4
How much will Trump pay the Supreme Court to vote his way on the tariff issue? Irish_Dem Sep 8 #5
I know of six pairs of hands that will be extended. joshdawg Sep 8 #11
They've already been paid. rubbersole Sep 8 #15
The money has to keep rolling in for them. Irish_Dem Sep 8 #21
WHO will they refund? groundloop Sep 8 #6
Yes, they could only give them back to the importer who paid them in the first place. thesquanderer Sep 8 #8
Drop all of the prices on necessities back to pre-Covid levels Marthe48 Sep 8 #14
😂 rubbersole Sep 8 #16
It's what I am Marthe48 Sep 8 #20
You're wonderful! rubbersole Sep 8 #23
Thank you Marthe48 Sep 8 #25
Yep.......... Lovie777 Sep 8 #9
re: ""If the court says it, we'd have to do it." - This may be the first time those words were ever uttered by thesquanderer Sep 8 #10
That was my first thought too when I saw that BumRushDaShow Sep 8 #13
Good. Maybe you won't be so foolish and lawless next time. travelingthrulife Sep 8 #12
Not really. cstanleytech Sep 8 #18
We get double fucked then as we already paid higher prices and then big business gets more money returned to them. cstanleytech Sep 8 #17
Give it back, that is just to damn bad. republianmushroom Sep 8 #19
Hopefully Rebl2 Sep 8 #22
I am foregoing a lot of things I want... ProudMNDemocrat Sep 8 #24
The Lutnick family, Trump Tariff, Cantor Fitzgerald refund scheme: sop Sep 8 #26
No not half Figarosmom Sep 8 #27
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