US EditionTrump Jump-Starts Talk of $2K Tariff Refund for Americans. But There’s a Catch
Trump aims to use tariff revenues exceeding $214 billion this year to reduce the $37 trillion national debt and possibly issue up to $2,000 in rebates to Americans.
- President Donald Trump is considering giving Americans rebate checks of $1,000 to $2,000 funded by tariff revenues collected since his April 2 tariff imposition.
- This proposal follows an August US Court of Appeals ruling that most tariffs lacked legal coverage under emergency powers, with the Supreme Court set to hear arguments next month on their legality.
- Trump described the rebates as “a dividend to the people of America” while emphasizing that paying down the $37 trillion national debt remains the administration's top priority.
- About $214.9 billion in tariff revenue has been collected this year, including $31.3 billion in September, with any rebate distribution requiring congressional approval.
- If the tariffs are determined to be unlawful, the government may be required to return up to $1 trillion in collected fees, and proposed legislation such as the American Worker Rebate Act seeks to provide rebate payments of $600 or more for each adult and child in a family.
20 Articles
20 Articles
Trump jump-starts talk of $2K tariff refund for Americans. But there’s a catch
The tariff refund isn’t dead yet. President Donald Trump on Thursday indicated that the potential $2,000 refund check for Americans is still very much on the table, the New York Post reported.
Americans to get $2,000 worth of rebate check? Trump mulls $2,000 tariff ‘dividend’ — 'we’ll pay back debt'
US President Donald Trump reportedly proposed to share some of the hundreds of billions of dollars the federal government has collected since he imposed steep levies on imports from foreign nations in April.
Trump: Tariffs Could Mean $2K Dividend for Americans
As the country awaits a Supreme Court ruling on the legality of Donald Trump's global tariffs, the president said he's considering paying Americans a dividend with the revenue. Trump told One America News on Thursday he's contemplating giving Americans up to $2,000 in rebates derived from the tariffs. After saying the tariffs have generated enough money to cut the U.S. deficit in half, Trump was asked how the additional revenue would be used. "W…
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