Payam Javan: President Donald Trump is reportedly considering a plan to issue rebate checks to Americans, citing a substantial increase in tariff revenue. Trump stated that his administration has amassed a significant sum from tariffs, prompting the idea of a “little rebate” for individuals within a specific income bracket. While exploring the possibility of these rebates, his overarching objective remains focused on fiscal responsibility and reducing the national debt.
Since Trump assumed office, federal tariff revenues have exceeded $106 billion, with a significant portion, $81.5 billion, originating from new tariffs implemented during his second term. The Department of Homeland Security views these figures as a testament to the president’s effective trade policies, noting that economic advantages extend beyond mere revenue collection to include increased domestic investment and factory operations within the country.