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Trump administration officials are debating the merits of creating a new exporter tax credit, a move that offers an implicit acknowledgment of the harm that the White House’s tariff policies risk inflicting on US companies.

The rebate, which would be geared toward boosting US manufacturers, would be issued at the end of the year to offset the effects of retaliatory tariffs as American companies seek to sell their goods in foreign markets, according to people familiar with the deliberations.

The credit, which would require congressional approval, could also apply to companies that export services abroad, said the people, who requested anonymity to discuss private talks.

Neither President Donald Trump nor Treasury Secretary Scott Bessent have been formally briefed on the plan, and the idea has divided the administration’s economic team, they said.

The Treasury Department in a statement said, “while discussions on specific provisions are still early, all of Secretary Bessent’s thinking on tax issues is backed by his full support for President Trump’s America First Economic Agenda, and this will inform his ultimate support – or lack thereof — for any items that are proposed to him.”