La Derecha Diario With the revenue collected from tariffs, Trump is considering distributing rebate checks.
The president is considering the possibility of returning part of the money collected from fees to taxpayers or using that amount to pay part of the debt
As a result of his successful trade policy, President Trump left open the possibility this Friday that the government could issue rebate checks to taxpayers using the tariff revenues collected this year.
The government has collected more than $100 billion in tariff revenues in the first half of this year, according to data from the Treasury Department, and is on track to collect another $27 billion just this month.
"We have so much money coming in, we're thinking about a rebate"
"We have so much money coming in, we're thinking about a small rebate," Trump told reporters outside the White House as he prepared to depart for Scotland on what will be his first official visit to this territory.
"A small rebate for people at a certain income level could be very nice," he considered.
The President also floated the possibility of using that sum of money collected to pay down the gigantic public debt that the United States currently has, which exceeds $36.2 trillion.
Trump reorganizes global trade
In what Trump considers one of the three most successful weeks in American history, the White House has recently closed tariff agreements with Japan, Indonesia, Australia, Philippines, and markets predict that an understanding with the European Union is close to being finalized before the August 1 deadline imposed by Trump.
In the past, the current administration has raised the idea of rebates, more precisely when a stimulus for taxpayers was discussed with the savings that the Department of Government Efficiency (DOGE) obtained in recent months.
However, considering that inflation is mostly under control during his term, Trump keeps in mind that an increase in the circulation of money from these stimuli could lead to a rise in prices.
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