Bessent calls $166B tariff refund a 'corporate bonanza'
Treasury Secretary Scott Bessent criticized a court-ordered $166 billion tariff refund, saying the money will flow to importers rather than the consumers who largely bore the costs.
Treasury Secretary Scott Bessent on Thursday described the $166 billion in court-ordered tariff refunds as a “corporate bonanza,” arguing the funds will go to the importers who paid the duties rather than to consumers who bore most of the cost. Bessent’s remarks highlight concerns about who benefits from the court ruling on tariff repayments.