US President Donald Trump said today that some Americans may receive “stimulus checks” from the tariff revenue collected this year.
The proposal represents a form of compensation for consumers affected by high prices, but also raises concerns that it could trigger a new wave of inflation.
“We’re looking at a small refund, so we have a lot of money in it,” Trump told reporters outside the White House. “A small refund for people at a certain income level would be very good,” he said.
The US government collected more than $100 billion in tariff revenue in the first half, according to Treasury data. This figure is expected to exceed $27 billion in July. However, much of this revenue has not yet been directly passed to consumers. However, price increases are beginning to be observed in product groups that are subject to the highest tariffs.
Trump did not provide any details about the planned checks or who they would cover. This is not the first time the Trump administration has proposed this idea. A similar “Doge Savings Incentive” was proposed earlier this year, but it was not implemented.
Trump has emphasized that inflation is frequently controlled. However, the stimulus package implemented by both his management and his previous administrations has been able to cause price increases in the past.
*This is not investment advice.