‘We would have to refund half…’: Bessent warns of huge losses if Supreme Court strikes tariffs

US Treasury Secretary Scott Bessent warned that the Treasury could face major losses if the Supreme Court strikes down Trump-era tariffs, saying refunds on half the duties would be ‘terrible.’ While he expressed confidence in a conservative-leaning court, Bessent highlighted alternative avenues, emphasising balance over dollars. Meanwhile, President Trump seeks an expedited Supreme Court ruling to overturn a federal court decision declaring many tariffs unlawful.