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.
-
Oil and Gas1 day agoNUPRC vows not to approve divestments that doesn’t meet considerations
-
Oil and Gas1 day agoIran eases Strait of Hormuz transit rules amid oil shock
-
Finance1 day agoCardoso seeks collaboration to check cross‑border financial risks
-
Oil and Gas1 day agoCourt orders forfeiture of $13m linked to Aisha Achimugu’s firm
-
Oil and Gas1 day agoOil falls as reports of 15-point proposal spurs ceasefire hopes
-
Economy1 day agoNigeria to launch trade platform at ports as part of reform push
-
Finance1 day agoCourt nullifies CBN’s regulatory intervention in Union Bank in 2024, rules it acted beyond its powers
