Trump said the U.S. may send out tariff rebate checks, though lowering the national debt would take precedence.

Back then, the Trump administration threatened to apply so-called “reciprocal” tariffs of up to 50% against many trading partners, plus an eye-watering 125% on Chinese imports. In April, we modelled those measures,

President Trump suggested Friday that some Americans may receive “rebates” from the federal government after the US Treasury took in $64 billion in tariff revenue in

The president’s vision for reshaping global trade is falling into place, but he is embarking on an experiment that economists say could still produce damaging results.

"I think it's the biggest deal ever made," Trump said of the new agreement, which will reduce the bloc's tariff rate to 15 percent.

Trump said he would implement “severe tariffs” on Russia unless a peace deal is reached10 to 12 days from Monday instead.

U.S. President Donald Trump’s tariff threat against Brazil has sparked political turmoil. Trump linked a 50% import tax to the trial of his ally, Brazil's former President Jair Bolsonaro, calling it a “witch hunt.