Treasury Secretary Scott Bessent said the Trump administration would have to offer rebates to importers affected by President Donald Trump’s “reciprocal” and fentanyl-related tariffs if the Supreme Court orders them to, even though it “would be terrible for the Treasury.”

After a federal appeals court ruled in late August that Trump unlawfully used the International Emergency Economic Powers Act to enact his “Liberation Day” and fentanyl tariffs, Trump swiftly appealed the decision to the Supreme Court last week.