"We have so much money coming in, we're thinking about a little rebate, but the big thing we want to do is pay down debt," the president said.

Trump suddenly floated the idea of sending out “a little rebate” to Americans.

Trump did not share any fresh update on the trade pact with India. The negotiations between the two countries are yet to conclude.

President Trump on Friday suggested the government might consider issuing rebate checks to some Americans from the tariff revenue collected this year.

President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday. Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands including Audi, Lamborghini and Porsche.