New Delhi, Sept. 8 -- US Treasury Secretary Scott Bessent highlighted the potential need to refund tariffs, which would negatively affect the treasury, if the Supreme Court rules against the duties imposed by the Trump administration on its trading partners.

During an interview with NBC host Kristen Welker, Scott Bessent said, "We would have to give a refund on about half the tariffs, which would be terrible for the treasury. There's no 'be prepared.' If the court says it, we'd have to do it."

However, he expressed confidence in the conservative majority top court favouring the administration and stated that the issue revolves around balance rather than just financial considerations.

"I am confident that we will win at the Supreme Cour...