President Donald Trump said the administration is considering a rebate for some consumers from revenue raised by higher tariffs on U.S. trade partners.
When asked by a reporter on Friday at the White House about a possible rebate for Americans from tariff revenue, Trump said: “We’re thinking about that. We have so much money coming in, we’re thinking about a little rebate.”
“The big thing we want to do is pay down debt,” Trump said. “But we’re thinking about a rebate.”
“A little rebate for people of a certain income level might be very nice,” he said.
It’s unclear whether a rebate could happen without Congressional approval. If enacted, it’s unknown whether the rebate would come via stimulus checks or another form of tax relief, experts say.
