Bessent Warns of $1 Trillion Tariff Refund if Supreme Court Voids Tariffs

Treasury Secretary Scott Bessent testified that the federal government could face refund obligations exceeding $1 trillion if the Supreme Court upheld the appeals court ruling voiding Trump's reciprocal tariffs. Bessent argued this fiscal catastrophe justified emergency stays and expedited Supreme Court review. The warning was intended to pressure the Court to move quickly and signal the economic stakes of leaving the lower court ruling in place.