The Treasury Department will issue rebates if the Supreme Court upholds a ruling that President Donald Trump’s “reciprocal” tariffs were an overstep of power, Treasury Secretary Scott Bessent said Sunday.
“We would have to give a refund on about half the tariffs, which would be terrible for the Treasury,” Bessent said during an appearance on NBC News’ “Meet the Press.”
He added that, “If the court says it, we’d have to do it.”
But there are “numerous other avenues” that can be taken on tariffs, though they would “diminish President Trump’s negotiating position,” Bessent said, without citing details.
During an appearance on CBS News’ “Face the Nation,” National Economic Council Director Kevin Hassett said there are “other legal authorities” to implement tariffs if the Supreme Court does not rule in favor of the Trump administration. He suggested “Section 232” investigations, which were used to implement steel and aluminum tariffs, among other options.
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