US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.

President Trump suggested Friday that some Americans may receive “rebates” from the federal government after the US Treasury took in $64 billion in tariff revenue in the first three months since his “Liberation Day” announcement April 2.