The price of bitcoin exploded the last time.
According to US President Donald Trump, some Americans might get "stimulus checks" from this year's tariff collections.
This proposal has sparked worries that it would lead to a fresh round of inflation, even though it is a way to compensate people who have been impacted by high costs.
Trump told reporters outside the White House, "We're thinking of giving a small refund because there's so much money coming in." "It would be very nice if people at a certain income level received a small refund," he stated.
The US government received nearly $100 billion in tariff money in the first half of this year, according to data from the Treasury Department. In July, this amount is anticipated to surpass $27 billion. But a large portion of this income hasn't yet been transferred straight to customers. However, the product groupings that are subject to the highest levies have started to see price hikes.
Regarding the planned checks and who they would cover, Trump did not elaborate. The Trump administration has previously put out this notion. An analogous "DOGE savings incentive" was first put up earlier this year, but it was never put into effect. Trump says that inflation is under control a lot. But in the past, price hikes have occasionally resulted from stimulus measures put in place by both his administration and earlier ones.
#crypto #trump #Stimulus #covide #inflation $BTC $ETH $SOL