The Damage Report
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Trump Tariff Plans UNRAVEL As Staggering Financial Scheme Called Out
Posted
August 2, 2025
Views
35,040
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August 2, 2025
35,040
1,798
366
6.18%
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2:46
5:39Now PlayingDonald Trump's tariff plans unravel with less than 10 deals made by his deadline as he panics to push new tariff rebate check scheme, which gets called out by the public on social media for its economic insanity of essentially forcing Americans to pay import taxes and then giving them back checks, which will likely either not happen or not be as much as the tariffs cost. John Iadarola and Jayar Jackson break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Trump says he may want to give you a tariff rebate check‘A little rebate for people of a certain income level might be very nice’
"President Trump has suggested that as part of his tariff policy, he would consider sending out rebate checks or tariff refund checks to Americans, funded by the revenue collected from the tariffs imposed on imported goods. “We have so much money coming in, we’re thinking about a little rebate for people of a certain income level,” Trump told reporters Friday outside the White House. “A little rebate for people of a certain income level might be very nice.”
The rebate would be drawn from the significant amount of tariff revenue collected by the U.S. government—over $100 billion in the first half of 2025 alone, according to Treasury data.
Trump’s remarks about these rebate checks perhaps being targeted to Americans “of a certain income level” suggest they would likely be means-tested, but Trump offered few details about the exact income thresholds or amount of the rebate."
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