Supreme Court skips Trump tariff ruling
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The Supreme Court indicated on its website that it has set Friday as an opinion day, suggesting that it will release decisions in argued cases. This will be the first opportunity to hear a ruling on Trump's "Liberation Day" tariffs.
The U.S. Treasury has more than adequate funds to pay any tariff refunds ordered if the Supreme Court rules against President Donald Trump's emergency tariffs, but any repayments would be spread out over weeks or even a year,
Treasury Secretary Scott Bessent on Friday said it’s no “problem” for the U.S. to pay off tariff refunds if the Supreme Court rules against President Trump’s tariffs.
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Thousands of companies around the world have filed lawsuits challenging U.S. President Donald Trump's sweeping tariffs and sought refunds on duties paid. The U.S. Supreme Court may release opinions in argued cases on Friday.
The president has repeatedly teased the idea of sending one-time $2,000 rebate checks to many Americans from tariff revenue.
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With the U.S. Supreme Court expected to decide on the legality of reciprocal tariffs imposed by President Donald Trump, Treasury Secretary Scott Bessent told Reuters that the government has more than enough funds to cover any tariff refunds in case of an unfavorable ruling.