<div id="readability-page-1">The U.S. Treasury would have to refund about half the tariffs collected since President Trump took office if the Supreme Court rules they were imposed illegally, Treasury Secretary Scott Bessent said Sunday. Why it matters: That could put the government on the hook for tens of billions of dollars in refunds, a prospect that has scared bond market investors in recent days. Catch up quick: Two courts have ruled Trump lacked the authority to impose...</div>

<p>Treasury Secretary Scott Bessent warned that if the Supreme Court rules that tariffs imposed by President Trump were illegal, the U.S. Treasury would need to refund approximately half of the tariffs collected since his administration began. This could result in tens of billions of dollars in refunds, raising concerns among bond market investors.</p>

SCOTUS loss would lead to huge Trump tariff refunds, Bessent warns