Stephen Passaja
๐ค SpeakerAppearances Over Time
Podcast Appearances
Any kid with a social security number born between 2025 and the end of 2028 is eligible to get $1,000 in a Trump account.
The money will get invested in funds that broadly track the stock market and can't be withdrawn until the child turns 18.
The accounts will launch on the 4th of July, and parents have already been able to sign up using TrumpAccounts.gov.
Those who have should receive an email encouraging use of the app to eventually monitor the accounts and make their own contributions, up to $5,000 annually.
Philanthropists have also been donating billions of dollars to spread across the accounts of some children not eligible for the initial $1,000 investment.
When it comes to who pays for tariffs, importers, exporters, and yes, consumers split the cost.
Robert Shapiro is with the law firm Thompson Coburn.
He says importers are the ones eligible for refunds since they pay the actual tariff charge.
And getting companies to share with customers could require lawsuits.
This also depends on companies winning their own refund lawsuits.