Trump, Costco and tariffs
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A $2,000 dividend for each citizen would increase the deficit by $6 trillion, according to one estimate, roughly twice as much as Trump’s tariffs are estimated to raise.
5hon MSN
FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree
President Donald Trump has long praised tariffs as key to increasing wealth in the United States, idealizing Gilded Age policies that preceded the implementation of a modern federal income tax.
Trump himself has recently committed to the idea of stimulus checks from tariff revenue several times, from Truth Social posts about giving all but " high income people " a $2,000 dividend to directly telling reporters that checks for low- and middle-income Americans would be sent out mid-to-late 2026.
Trump’s sweeping 2025 tariffs on imports are disrupting global trade and creating new economic risks for consumers, businesses, and investors.
The labor market was dealt another jolt when the ADP report showed private employers shedding 32,000 jobs in November
Brazilian President Luiz Inacio Lula da Silva said on Wednesday he expects U.S. counterpart Donald Trump to further cut tariffs on Brazilian products soon, following a phone call between the two leaders on Tuesday.
The Trump administration said the tariff rate for vehicles from South Korea will drop to 15% as part of a trade deal.
The end of the "de minimis" exemption means low-value shipments from abroad could now face big delivery bills.