Trump tariffs Treasury Secretary Bessent Supreme Court

Treasury Secretary Scott Bessent said on Sunday, President Donald Trump said that he would “win” in the high court “” confident “, but the Supreme Court warned that if he sets rules against it, he would have to make great repayment against it.

If the tariffs are hit, NBC’s “press” interview, according to the interview, “We must make repayment on half of the tariffs that will be terrible for the Treasury,” he said.

However, he added, “If the court said, we would have to do this.”

Last week, the Trump administration requested a “accelerated decision” from the Supreme Court, and most of the appeal court decision was illegal.

In general, the Supreme Court may take in the early summer to make a decision on the legality of Trump’s tariffs.

Bessent said, “The postponement of a decision until June 2026 may result in a scenario with a scenario in which 750 billion dollars-dollars-$ 1 trillion-dollar tariffs are collected, and their relaxation may cause a significant deterioration.”

The possibility of returning tariffs of this size may mean an unprecedented decline for businesses and organizations paying them.

Trump’s tariffs faced an uncertain future after the comments of senior management officials decided that most of the “mutual tariffs” were illegal last month.

. US Federal Circuit Court of Appeal When Trump introduced “mutual tariffs” to almost every country as part of the “Liberation Day” announcement, he decided that he exceeded the Presidential authority.

Trump asked the Supreme Court to hear allegations about his appeal in early November and to make a final decision on the legality of controversial tariffs, according to applications received by NBC News.

Before the court transaction, Trump’s tariffs were determined to affect approximately 70% of US goods imports. According to the Tax Foundation. If hit, tasks will affect about 16%.

However, although Bessent and others express confidence that the Supreme Court will decide in favor of the Supreme Court, they are working on spare plans if they do not manage.

National Economic Council Director Kevin Hassett said on Sunday that Trump is “other legal authorities” that the management can take if the tariffs are blocked.

Hassett, “There are other things that may happen if he goes like this.” He said. CBS News’“If tariffs are overthrown. Some of these efforts may include the application of tariffs. Section 232 or through the sector -specific taxes.

Part 232 of the Trade Expansion Law of 1962, the President, “Such imports will not threaten to disrupt national security” “such imports will not threaten national security”, ” NBC News Reports.

For example, according to the Ministry of Commerce, the Trump administration in August has expanded 50% steel and aluminum tariffs to include more than 400 additional product categories. Trump also threatened to apply upright tariffs to semiconductors and drugs.

Other taxes that will not be affected by Trump’s court war are low -cost goods. The management officially eliminated the “minimis exemption” on the US goods at a value of $ 800 or less.

On Saturday, the UN’s agency, an agency of the Universal Postal Association, Postal Management, mail operators seeking conformity to new rules, Trump management cheap imports of the tariff exemption in cheap imports, the US said that postal traffic fell more than 80%.