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Scott Bessent: “The Supreme Court remanded the refunds back down to a lower…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Treasury Secretary Bessent responds to Trump's State of the Union address

Published February 25, 2026 | Video Starts at 08:01

FedEx is now suing the administration for tariff refunds. If the court sides with FedEx, Mr. Secretary, is the administration prepared to offer those refunds? Well, Kristen, let's be clear here. The Supreme Court remanded the refunds back down to a lower court. There will be 40, 42 day period before that even happens. And then we will see what the lower court says and we will follow what the lower court says to do so. (08:01–08:07)

CLAIM

Asserts that the Supreme Court has remanded the issue of refunds to a lower court.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Scott Bessent

“We've had real wage gains every month since the president's been in office.”
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“Currently 38% of Americans have no exposure to the equity market.”
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“The 301s and the 232s have proven very resilient. They survived more than 4,000 legal challenges.”
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“China is the largest payer of US Tariffs.”
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“It brought our GDP down in the fourth quarter between 1 and 2%.”
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“The president never stops working for the American people.”
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“He has brought down prices, he has brought down mortgage rates, the large tax cuts.”
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“47% of the returns we're getting have one of his four signature policies.”
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“We saw a big jump, way, way above expectations in consumer confidence today.”
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“The president's numbers have been improving since October.”
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“Inflation was up 2.7% last year.”
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“We can do it through reconciliation.”
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“The Supreme Court did not strike down the 232 or 301 tariffs.”
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“Congress did give the President authority to put on tariffs.”
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“There will be 40, 42 day period before that even happens.”
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“We will follow what the lower court says to do so.”
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“The Democrats and the party have shut down. They had. They were responsible for the longest shutdown in government history.”
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“I published the Washington Post op ed saying that Republicans should break the filibuster.”
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“Iran is the head of the snake for international chaos and disorder.”
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“They are the largest sponsor of state terrorism, whether it's in Venezuela, whether it's in the Middle East.”
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