President Trump said on Friday that he is considering giving taxpayers a rebate due to the billions (or trillions) of dollars the United States is set to make from Tariffs and deals with trading partners. 
“We have so much money coming in from tariffs that a little rebate for people of a certain income level might be very nice,” he said. “The big thing we want to do is pay down debt. But we’re thinking about a rebate.”
Trump spoke to reporters this morning about his August 1 trade deadline, where he plans to impose steep tariffs on countries that do not make a deal with the United States.
Already, the President has announced several deals following a plethora of letters he sent to foreign leaders, outlining the deadline and current tariffs countries will face.
On Tuesday, Trump announced that Japan, Indonesia, and the Philippines had agreed to open their markets to U.S. trade, with Indonesia and the Philippines agreeing to eliminate tariffs on U.S. goods.
Japan agreed to invest $550 billion in the United States, “which will receive 90% of the Profits,” Trump said in a statement. Additionally, Japan will still pay 15% tariffs on imports to the United States.
JUST IN: Trump Announces “Massive Deal” with Japan with 15% Reciprocal Tariffs – $550 Billion to be Invested with U.S. Receiving 90% of Profits
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