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
    341·
    2 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
      243·
      2 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.

      • Tehbaz@lemmy.wtfEnglish
        181·
        2 days ago

        It’s a shame it has to get to that point, but it seems like it’s the only way the American people will finally rise up and fight back against MAGA & the billionaire class.

        • Ensign_Crab@lemmy.worldEnglish
          82·
          2 days ago

          It ain’t gonna happen if a bunch of sanctimonious assholes just use it as an excuse to gloat at people who are suffering.

          • CileTheSane@lemmy.ca
            2·
            1 day ago

            It ain’t gonna happen

            Ftfy.

            The headline every day is “dictator takes another large step towards fascism is America. Americans do nothing.”