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Supreme Court's Decision Could Unlock $774B Tariff Refunds

1/11/2026

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Summary

Story summary

The U.S. Treasury has $774 billion to cover tariff refunds if the Supreme Court rules against tariffs imposed by President Donald Trump, according to U.S. Treasury Secretary Scott Bessent.
Bessent called refunds a "corporate boondoggle."
Refunds would be disbursed over time.
Tariffs do not significantly impact consumer prices while inflation for goods remains below overall inflation.
The Supreme Court is set to release decisions soon on Trump's tariff policies.

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Story summary

The U.S. Treasury has $774 billion to cover tariff refunds if the Supreme Court rules against tariffs imposed by President Donald Trump, according to U.S. Treasury Secretary Scott Bessent.
Bessent called refunds a "corporate boondoggle."
Refunds would be disbursed over time.
Tariffs do not significantly impact consumer prices while inflation for goods remains below overall inflation.
The Supreme Court is set to release decisions soon on Trump's tariff policies.