ToplineThe government may distribute some tariff revenue to Americans soon, President Donald Trump told reporters at the White House on Tuesday, the president’s latest suggestion he could send tariff funds directly to taxpayers.Trump made the comment during an Oval Office appearance Tuesday. (Photo by Andrew Harnik/Getty Images)Getty ImagesKey FactsTrump said the federal government will “probably” provide some tariff revenue “over the next fairly short period of time” to Americans, who most economists say bear the majority of tariff costs.The president then claimed the U.S. has generated $650 billion from tariffs on the European Union, $550 billion from tariffs on Japan and $350 billion from tariffs on South Korea.However, only about $200 billion in tariff revenue has been reported so far by the government, according to multiple outlets.Allocation of tariff revenue to taxpayers would likely need to be approved… Click below to read the full story from Forbes
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