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Tariffs: $2.4 Trillion Gain or Working-Class Burden?

9/27/2025

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Summary

Story summary

Tariffs could generate $2.4 trillion over next decade, per Yale's Budget Lab.
Sen. Josh Hawley proposes using tariff revenue for rebate checks to Americans and working-class relief.
President Trump says tariffs will reduce the debt (over $37 trillion); experts doubt an effect.
Democrats say tariffs hurt farmers and small businesses. Thune notes tariffs disrupt 60% of South Dakota soy exports.

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Story summary

Tariffs could generate $2.4 trillion over next decade, per Yale's Budget Lab.
Sen. Josh Hawley proposes using tariff revenue for rebate checks to Americans and working-class relief.
President Trump says tariffs will reduce the debt (over $37 trillion); experts doubt an effect.
Democrats say tariffs hurt farmers and small businesses. Thune notes tariffs disrupt 60% of South Dakota soy exports.