Summary
President Donald Trump mentioned the idea of giving $2,000 checks to Americans using money from tariffs, but it's unclear if tariffs raise enough funds. Economists say the rebates would need Congress's approval, and the legality of some tariffs is currently under review by the Supreme Court.
Key Facts
- President Trump suggested $2,000 checks funded by tariffs.
- Economists say it's unclear if tariffs provided enough funding.
- The U.S. collected about $195 billion in customs duties in Fiscal Year 2025.
- More than 163 million Americans filed tax returns this year.
- Checks for everyone who filed taxes would mean about $1,192 each.
- The Supreme Court is reviewing the legality of some tariffs.
- Congress would need to approve any funding shortfall for the checks.
- The eligibility for receiving checks is not clearly defined yet.
