Former President Trump proposes distributing $2,000 to every American from tariff revenues, excluding high-income individuals, via Truth Social. This plan, reminiscent of Senator Hawleys tariff rebate bill, contrasts with Treasury Secretary Bessents focus on debt reduction. Despite the high national debt, Trump also mentions using tariff revenue to pay down the debt. The White House seeks clarification, as tariff duties collected this year reached $195 billion. Consumers face an average effective tariff rate of 18%, the highest since 1934, due to Trumps widespread tariffs on global trading partners.

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