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Trump floats tariff rebate checks

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11.11.2025
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Welcome to The Hill's Business & Economy newsletter

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Business & Economy

Business & Economy

The Big Story

What to know about Trump’s $2K tariff check proposal

President Trump announced on Sunday that most Americans will receive “at least” $2,000 from the tariff revenue collected by the Trump administration.

© Illustration / Courtney Jones; Greg Nash; and Adobe Stock

Trump’s statement, made early Sunday on his Truth Social platform, comes after the White House defended his sweeping use of tariffs before the Supreme Court this past week, where the justices appeared skeptical of the president’s broad use of the International Emergency Economic Powers Act.

Trump’s public musing about Americans pocketing $2,000 from his tariff revenue also comes after Democrats emerged victorious in races across the country in last week’s elections.

From more moderate to more progressive candidates, Democrats ran disciplined campaigns focused on affordability and cost of living.

Trump touted his tariffs Sunday morning, saying those who oppose them are “FOOLS” and that the revenue generated from the import tax on foreign goods will soon begin paying down the country’s debt and put money directly in people’s pockets.

Read more here.

 

Welcome to The Hill’s Business & Economy newsletter, I'm Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue.

 

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