Treasury Secretary Says US Can Easily Cover Any Tariff Refunds

Treasury Secretary Scott Bessent said that his department can easily cover any refunds related to tariffs if the Supreme Court rules against the administration on their legality. “It won’t be a problem if we have to do it, but I can tell you that if it happens—which I don’t think it’s going to—it’s just a corporate boondoggle,” Bessent told Reuters in an interview over the weekend. “Costco, who’s suing the U.S. government, are they going to give the money back to their clients?” The Treasury currently has $774 billion, more than enough to cover any potential refunds if the Supreme Court issues such an order, Bessent said....