US Treasury Secretary Scott Bessent said he was mistaken in earlier comments suggesting tariffs would significantly drive inflation, stating updated economic data showed a more limited price impact than previously expected. Scott Bessent Revises Tariff Inflation View Bessent clarified that
The US Treasury has said it has sufficient funds to issue refunds if the Supreme Court strikes down tariffs imposed during Donald Trump’s presidency. The statement comes as the top court examines legal challenges to tariffs introduced under emergency powers, which critics argue bypassed Congressional approval. Treasury officials said that even if courts rule against […]
U.S. Treasury Secretary Scott Bessent warned that the government may need to refund about half of the tariffs collected under President Trump’s administration if the Supreme Court rules them illegal. The potential refund, amounting to tens of billions of dollars, poses a significant challenge to Treasury finances. Legal Challenges Mount Over Tariff Authority Several lower















