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lite.cnn.com - on gopher - inofficial
ARTICLE VIEW:
America will refund about ‘half the tariffs’ if SCOTUS rules Trump
overstepped, Bessent says
By Auzinea Bacon, CNN
Updated:
11:18 AM EDT, Sun September 7, 2025
Source: CNN
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 .
A federal appeals court ruled on August 29 that Trump’s
“reciprocal” tariffs were among the imposed duties that breach the
president’s authority, saying that the International Emergency
Economic Powers Act (IEEPA) does not authorize the emergency tariffs
Trump imposed earlier this year.
“We discern no clear congressional authorization by IEEPA for tariffs
of the magnitude of the Reciprocal Tariffs and Trafficking Tariffs,”
the court said in its majority ruling.
The fresh slate of the Trump administration’s so-called
“reciprocal” tariffs, which in early August, will remain in place
after the court delayed implementation of its order until October 14.
The court ruling has put into question the Trump administration’s
ability to continue trade negotiations. The Trump administration the
ruling to the Supreme Court on Wednesday, warning of a “poor
nation” without tariffs.
Bessent said on Sunday that he is “confident” the Trump
administration will win at the Supreme Court.
But the impact of Trump’s economic policies may slowly be revealing
itself. The Bureau of Labor Statistics’ August jobs report indicated
that the US economy added about 22,000 jobs in August and the
unemployment rate ticked up to 4.3% — the highest it’s been in
nearly four years.
Among the hardest-hit sectors are those in the goods business. The ,
and the whipsaw manner in which it’s being applied, have had an
“undeniable” impact on hiring, RSM US economist Joe Brusuelas wrote
in a note to investors Friday. Goods businesses have “four straight
months of declines since May,” Brusuelas noted.
“We can’t snap our fingers and have factories built,” Bessent
said, adding that “we are going to see construction jobs and
manufacturing jobs,” in part due to the passage of the “One Big
Beautiful Bill.”
The Trump administration has touted that American companies should
“eat” the additional costs of tariffs, in a denial that such duties
are a tax on American consumers. But , and are among companies warning
that tariffs would lead to price increases as the US collects tariff
revenue from imports.
The United States collected roughly $28 billion in customs duties in
July, according to the Treasury Department’s monthly statement. In
April, the Treasury reported that it collected $16.8 billion in gross
customs duties.
In June, the Department of Homeland Security said US Customs and Border
Protection collected $81.5 billion from Trump’s tariffs.
This story has been updated with additional content.
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