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Waiting for your tariff refund check? Dream on

Los Angeles Times

|

February 26, 2026

Treasury Secretary Scott Bessent, who has a way of saying the quiet parts out loud in defending President Trump's economic policies, told the truth again Friday, during a public appearance a few hours after the Supreme Court threw out most of Trump’s tariffs.

- MICHAEL HILTZIK COLUMNIST

Waiting for your tariff refund check? Dream on

THE SUPREME COURT ruled that President Trump's sweeping emergency tariffs were illegal. Above, a container ship is unloaded at the Port of Los Angeles.

(ALLEN J. SCHABEN Los Angeles Times)

Asked about the prospects that Americans would be receiving refunds of the illegal tariffs paid since Trump imposed them in April, Bessent replied with a condescending smirk: “I get a feeling the American people won't see it.”

A couple of things about that. One is that there doesn’t seem to be any legal question that those who paid the tariffs are entitled to refunds. In his 6-3 ruling invalidating levies imposed on imports under the International Emergency Economic Powers Act of 1977, or IEEPA, Chief Justice John G. Roberts Jr. made clear that those tariffs were unconstitutional and illegal from their inception.

Therefore, there’s no excuse for the government to hold on to the money it has collected — estimated at somewhere between $135 billion and $170 billion. But Roberts didn’t state whether refunds are warranted or, if so, how they should be calculated and distributed.

Trump has dangled the prospect of tariff refunds — actually, tariff “dividend” checks of $2,000 — in front of taxpayers for months. In effect, that would mean returning to taxpayers the money that his tariffs have cost them. Bessent’s comments put paid to that promise.

Today, no one is arguing seriously that checks should be cut for taxpayers — except Illinois Gov. J.B. Pritzker, who demanded refund checks totaling $8.7 billion for his constituents. But that has the aroma of a campaign stunt for Pritzker, who is running for a third term and maybe positioning himself for a presidential run.

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