Bessent Demurs on Refunding Trump's IEEPA Tariffs
February 23, 2026·2 days ago·via New York Post

Scott Bessent holds back on committing to refunds for Trump's IEEPA tariffs after the Supreme Court strikes them down in a 6-3 ruling, declaring the president lacks unilateral power under that law - power the Court insists belongs to Congress. The administration swiftly rolls out Plan B, with Trump issuing an executive order revoking IEEPA tariffs and imposing new 10% global tariffs under Section 122 of the Trade Act, plus launching Section 301 investigations to keep pressure on unfair traders.
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