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Kevin Hassett "Even if the Supreme Court rules against Trump's tariff policy, refunds will be difficult"
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- Kevin Hassett said that even if Trump's tariff policy loses in the Supreme Court, large-scale refunds would be difficult.
- Hassett again raised the possibility of a one-time 2000 dollars rebate payment funded by tariff revenues.
- He said that policies to ease housing cost burdens using tariff revenues and proposals related to taxes and subsidies could be submitted to Congress early next year.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Even if the U.S. Supreme Court were to curb President Donald Trump's tariff policy, large-scale refunds are expected to be difficult.
On the 22nd (local time), according to Walter Bloomberg, Kevin Hassett, chair of the White House National Economic Council (NEC), said, "Even if the Supreme Court rules unfavorably against the administration's tariff measures, the likelihood of widespread refunds is low."
He added that "the administration expects to win in litigation, but is preparing response scenarios in case of a loss." He also said that the U.S. economy has recently been showing a more resilient trend than expected, and again raised the possibility of a one-time 2000 dollars rebate funded by tariff revenues. He said the measure is being considered as a means to supplement consumer capacity during the economic recovery phase.
Hassett also said that policies to ease housing cost burdens using tariff revenues and proposals related to taxes and subsidies could be submitted to Congress early next year.
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