The Supreme Court on Oct. 9, 2024. (Photo by Jane Norman/States Newsroom)
WASHINGTON — The Trump administration is urging the Supreme Court to quickly take up the president’s emergency tariffs case to avoid “catastrophic” economic consequences for the United States, according to a filing.
Treasury Secretary Scott Bessent argued in the Wednesday petition that roughly $750 billion to $1 trillion in tariff revenue is at stake if the justices accept the case through the normal session timeline, which ends in June 2026. The U.S. could face having to refund the import taxes paid by U.S. companies, Bessent said.
President Donald Trump and administration officials have asked the Supreme Court to overturn Friday’s federal appellate ruling that affirmed the president does not have authority to im