Trump, Costco and Sues
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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.
Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.
A s Elon Musk reveals he tried to convince President Donald Trump not to implement sweeping tariffs, U.S. manufacturers are linking the levies with industry troubles.
President Trump said, during lengthy opening remarks at Tuesday's public cabinet meeting, that he is still hoping to use money collected from tariffs to eliminate the federal income tax and send out additional "dividends.
Brazilian President Luiz Inacio Lula da Silva called U.S. President Donald Trump on Tuesday, when both leaders spoke about trade, the economy and fighting organized crime, the Brazilian Presidential Palace said.
Costco Wholesale has filed a lawsuit against the Trump administration, asking the Court of International Trade to consider all tariffs collected under the International Emergency Economic Powers Act unlawful.
New POLITICO polling data shows Republican support for President Donald Trump’s trade and tariff policies is constrained by cost pressures.
Scott Bessent said in August that tariffs would raise "well over half a trillion, maybe towards a trillion-dollar number." It hasn't panned out that way.