President Donald Trump said Thursday he would use tariff revenue to provide aid to farmers, but his promise may be premature as the Supreme Court considers whether he has the constitutional authority to set the levies.
“We’re going to take some of that tariff money that we’ve made, we’re going to give it to our farmers, who are, for a little while, going to be hurt, until it kicks in, the tariffs kick in, to their benefit,” Trump said to reporters in the Oval Office.
The Tax Foundation, a nonpartisan group, estimated this month that the tariffs will increase tax revenue by $171.7 billion in 2025 — provided the Supreme Court doesn’t find them illegal. The court is scheduled to hear arguments in November on whether the president has the authority to levy the tariffs.
