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.

  • LoafedBurrito@lemmy.world
    16·
    1 day ago

    The supreme Court is bought by the GOP, so they will find a way to side with his illegal tariffs.

    Americans will continue to see prices skyrocket as our companies lay us off and then as we become homeless, they send us to their concentration camps they call “wellness camps”

    Oh you spent 3 years gathering up enough shelter and supplies for a nice tent? Trump’s gestapo throws it in a garbage truck and makes you watch before they take you to the camps.

    We haven’t even begun to talk about the effects of a global trade war and the fact many countries will simply stop providing us with supplies and materials as the US gets isolated.