Bessent has warned that a delayed ruling "could result in a scenario in which $750 billion-$1 trillion in tariffs have already been collected."

KEY POINTS

Treasury Secretary Scott Bessent said he is “confident” Donald Trump’s tariff plan “will win” at the Supreme Court, but warned the U.S. would be forced to issue massive refunds if it loses.

National Economic Council Director Kevin Hassett noted that there are “other legal authorities” that the administration could use if the tariffs are blocked.

Before court action, Trump’s tariffs were set to affect nearly 70% of U.S. goods imports.

  • Pistcow@lemmy.world
    23·
    29 days ago

    I mean, if the Supreme Court rules in favor of the tarrif then the market tanks and everyone gets to blame both. Absolute win!

    • Ensign_Crab@lemmy.worldEnglish
      18·
      29 days ago

      The financial hardship into which millions will be plunged is not something to giddily be looking forward to saying “I told you so” about.