While President Donald Trump continues to defend tariffs as the best way to reduce U.S. trade deficits, many economists fear that the tariffs will mainly serve to push consumer prices higher.
To help ease that problem, some lawmakers have proposed sending out stimulus payments similar to those distributed during the COVID-19 pandemic. One such proposal, recently introduced by U.S. Sen. Josh Hawley (R-Missouri), would provide $600 “tariff checks” to eligible Americans.
