Overview
- Treasury Secretary Scott Bessent said the U.S. is not at risk of a 2026 recession and signaled near‑term moves on health care costs, while noting housing and other rate‑sensitive sectors have been in recession.
- President Trump claimed tariff receipts will soon “skyrocket” as pre‑tariff inventory runs down and said he is awaiting a Supreme Court ruling tied to his emergency tariff authority.
- Commerce Secretary Howard Lutnick expressed confidence the administration will win the high court case, which could affect both the tariff program and proposals to send one‑time $2,000 payments.
- Independent assessments have pared back long‑term fiscal gains from tariffs and polls show broad skepticism about the administration’s affordability claims, with many respondents blaming tariffs for higher prices.
- The administration recently rolled back tariffs on more than 200 food items and cites rising customs receipts—about $215.2 billion in FY2025 and $40.4 billion so far in FY2026—but key Republicans, including Sen. Ron Johnson, say the U.S. cannot afford dividend checks.