"Trump has taken a beating from just about every quarter over his trade policies, which have been blamed for a good portion of the price inflation that became the inflection point of this month's electoral bloodbath. One of Trump's responses has been the promise of rebate checks to Americans based on revenue from tariffs that he claims will cover the outlay."
"Well, they they should they should know about it because they caused it. It was the worst inflation in 40 or 50 years by this massive government spending, spend, spend, spend. And if we go back, what what what did they do that the president differently than the president did in his first term? So they had a demand shock induced by this massive wave of government overspending."
Bret Baier asked Treasury Secretary Scott Bessent whether $2,000 tariff-funded rebate checks could be inflationary by the same logic that blames government spending for inflation. Trump has faced criticism for trade policies that have been linked to recent price inflation and electoral losses. The rebate proposal is framed as funded by tariff revenue that would cover the outlay. Bessent attributed much of the inflation to massive government overspending and regulatory buildup, describing a demand shock paired with supply constraints. Bessent argued that inducing private-sector demand while deregulating can support non-inflationary growth and predicted inflation will continue to decline, improving real incomes.
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