President Donald Trump’s new tariffs have generated billions of dollars since being implemented earlier this year.

If they remain in place, they could bring in $2.4 trillion over the next decade, according to the Budget Lab at Yale.

“Money that we raise from tariffs goes in what’s called the general fund, which is just kind of a catch-all fund that Treasury runs,” said Ernie Tedeschi, director of economics at the Budget Lab at Yale.

Tedeschi noted it is up to Congress to decide how to use that money.

Republican Sen. Josh Hawley has introduced legislation that would use some of the revenue to send rebate checks to Americans.

Meanwhile, Trump has said the tariffs will help the U.S. eliminate its debt.

“Tariffs are making our country very rich again, and we’ll be able to take care of ou

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