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The Independent UK
The Independent UK
John Bowden

Treasury Secretary quashes hopes that Americans will get rebate checks from tariffs

Treasury Secretary Scott Bessent just gave Americans a reason to doubt whether they’ll ever see the “rebates” that some MAGAworld figures have called for as funds roll in from Trump’s tariff plans.

Bessent was on CNBC’s “Squawk Box” explaining that the projected total of $300 billion in tariff revenue - the administration’s own figure - would be first applied to driving down America’s national debt.

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