#tariff-revenue

#tariff-revenue

Since returning to the White House in January, President Donald Trump has overturned decades of U.S. trade policy - building a wall of tariffs around what used to be a wide open economy. His double-digit taxes on imports from almost every country have disrupted global commerce and strained the budgets of consumers and businesses worldwide. They have also raised tens of billions of dollars for the U.S. Treasury.

"We will see. We need legislation for that," Treasury Secretary Scott Bessent said Sunday in an interview on Fox News when asked if Trump was going to send the tariff revenue-sharing checks soon. He said the checks would go to "working families" and that an income limit would be set. He didn't describe them as a sure thing, but said: "Those could go out."

Congressional Republicans like Sen. Chuck Grassley (R-Iowa) blasted the idea of helping Argentine farmers while doing nothing for domestic sales. What they're saying: "There are markets right now that aren't open to some of our commodities," Thune said on NBC's "Meet the Press" Sunday. "As a consequence of that, there are - we've got a big harvest coming in here in South Dakota, corn and soybeans, and no place to go with it."