Treasury Secretary Scott Bessent warned of potential consequences if the Supreme Court rules against the administration, despite expressing confidence over the Trump Administration’s appeal to the higher court.
Tariff Refund “Terrible” For Treasury”
On Sunday, Bessent appeared on NBC News’s “Meet the Press” and discussed the Trump administration’s appeal to the Supreme Court to overturn a decision against its tariffs. “We would have to give a refund on about half the tariffs,” a situation Bessent described as “terrible for the Treasury”.
Bessent defended Trump’s tariff policy despite possible setbacks, arguing that tariffs do not act as a tax on Americans and highlighting other signs of economic strength, pointing to the second quarter GDP growth and the recent stock market performance.