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Bessent dodges questions about tariff refunds
- Treasury Secretary Scott Bessent deferred to lower courts to decide how refunds for President Trump's IEEPA tariffs will be handled after the Supreme Court ruled against them in a 6-3 decision.
- Over $133 billion had been collected from the IEEPA tariffs by last December, and companies have sued for refunds following the Supreme Court's rejection of the tariffs, with the refund process left unresolved.
- President Trump has moved to reimpose tariffs using Section 122 of the Trade Act of 1974, increasing them to 15%, with the tariffs limited to 150 days and requiring Congressional approval to continue.
- Bessent assured that tariff revenue will remain unchanged despite the Supreme Court ruling, as the administration plans to study and potentially increase tariffs under Sections 232 and 301 to maintain tariff revenue.
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6 Articles
6 Articles
Scott Bessent demurs on plans to refund Trump’s IEEPA tariffs as admin rolls out plan B
Treasury Secretary Scott Bessent deferred to the lower courts to determine how refunds for President Trump's International Emergency Economic Powers Act (IEEPA) tariffs will work in the wake of the Supreme Court's ruling.
·New York, United States
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Bessent dodges questions about tariff refunds
Treasury Secretary Scott Bessent on Sunday dodged questions about refunds after the Supreme Court struck the vast majority of President Trump’s tariffs down. “I do want to start with the big question, will you refund the roughly $134 billion in revenue taken by these emergency tariffs?” CNN’s Dana Bash asked Bessent on “State of the…
·Washington, United States
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Coverage Details
Total News Sources6
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
Factuality
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