Trump Says He’s ‘Thinking About’ Sending Tariff-Funded Rebate Checks To Americans
President Donald Trump said on Friday that he was contemplating sending rebate checks to Americans using tariff revenue.
The U.S. government ran a $27 billion budget surplus in June, fueled partly by record tariff revenue, which exceeded $100 billion for the first time in a fiscal year, Reuters reported. When a reporter asked Trump at the White House if there was a chance of a rebate for Americans due to the revenue, the president said his administration was prioritizing paying off debt, but that a small rebate for some Americans was possible.
“We’re thinking about that, actually. We have so much money coming in,” Trump said. “We’re thinking about a little rebate, but the big thing we want to do is pay down debt. But we’re thinking about a rebate.”
“That’s a very good question. You just made a lot of news,” he continued. “We’re thinking about a rebate because we have so much money coming in from tariffs that a little rebate for people of a certain income level might be very nice.”
Trump unveiled sweeping “Liberation Day” tariffs on nearly every other nation on April 2, but announced a 90-day pause one week later, which cut most of them to a 10% baseline rate. (Read more from “Trump Says He’s ‘Thinking About’ Sending Tariff-Funded Rebate Checks To Americans” HERE)
Photo credit: Gage Skidmore via Flickr
