Overview
- In a Sunday Truth Social post, President Donald Trump said most Americans would receive at least $2,000 funded by tariff receipts, excluding high-income people.
- The Supreme Court heard arguments this week on whether Trump’s tariffs under the International Emergency Economic Powers Act are lawful, with justices expressing skepticism.
- Axios reports the government could be forced to refund more than $100 billion to importers if the tariffs are struck down as unlawful revenue-raising measures.
- Treasury figures cited in coverage show tariff collections in the hundreds of billions of dollars for fiscal 2025, while Treasury Secretary Scott Bessent has discussed potential annual revenue reaching $500 billion.
- Bessent told ABC he had not spoken with Trump about the $2,000 pledge and said any benefit could take different forms such as tax changes, and reporting notes Congress would likely need to authorize direct payments, with a separate Hawley bill proposing smaller rebates.