News
Trump mutes $2,000 tariff rebate checks for most Americans
President Donald Trump has called people who do not support tariffs “fools” and floated the idea of $2,000 rebate checks for almost all Americans in a social media post.
Trump said on Truth Social that the United States is taking in trillions of dollars thanks to far-reaching tariffs he has imposed since taking office in January. He said the country will soon start paying down $37 trillion in debt. “People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country in the World, With Almost No Inflation, and A Record Stock Market Price,” Trump wrote.
President Donald Trump called people who don’t support tariffs “fools” and floated the idea of $2,000 rebate checks for almost all Americans in a social media post.(Source: Truth Social/@realDonaldTrump via CNN)
The president also said a “dividend” of at least $2,000 would be paid to everyone, not including “high income people.” Trump’s comments come after the Supreme Court heard arguments last week over his authority to impose tariffs through executive orders.
The tariffs have caused some prices to rise, as companies try to offset their costs, and inflation in August remained higher than the Federal Reserve’s target of 2%, according to the Associated Press.
-
Economy2 days agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others
-
Oil and Gas2 days agoEdo govt, NNPC partner to establish 10,000bpd condensate refinery
-
Economy2 days agoFG inaugurates OGFZA, NEPZA boards for industrial growth
-
News2 days agoNigeria inaugurates economic strategy to harness $8 trn global halal market
-
Oil and Gas2 days agoOil falls as investors assess US-Iran talks
-
News2 days agoGlobal digital currency, Crypto market capitalization crashes to $2.2trn on extreme fear
-
Stock Market2 days agoNGX hits N110trn as market market capitalisation appreciated by 1.01%
