September 8, 2025
Bessent warns up to $1 trillion refund risk if Supreme Court strikes Trump's tariffs
Bessent admits half of trade war funding is legally doomed
📜Constitutional Law💰Economy📈Trade
Treasury Secretary 
Scott Bessent warned on Sept. 7, 2025 that delaying a final Supreme Court ruling until Jun. 2026 could let $750 billion to $1 trillion in tariffs be collected and complicate refunds.
The U.S. Court of Appeals for the Federal Circuit issued a 7-4 en banc decision on Aug. 29, 2025 finding that most of the challenged tariffs exceeded the International Emergency Economic Powers Act authority.
The Federal Circuit stayed its ruling until Oct. 14, 2025, allowing the government time to appeal to the Supreme Court. During this stay, tariff collection continued.
The Supreme Court granted expedited review and scheduled oral arguments for Nov. 5, 2025 to determine the legality of the tariffs.
📜Constitutional Law💰Economy📈Trade
Test Your Knowledge
10
Q1
What did Trump call a potential Supreme Court loss regarding tariffs?
Q2
True or False: Bessent said losing the Supreme Court case would be "terrible for the Treasury."
Q3
True or False: The appeals court immediately blocked enforcement of Trump tariffs.
Q4
What emergency did Trump declare to justify his IEEPA tariffs?
Q5
True or False: No president before Trump has used IEEPA to impose sweeping tariffs.
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Scott Bessent
Treasury Secretary
U.S. Court of Appeals for the Federal Circuit
Appellate court