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- President Donald Trump on Sunday announced that a $2,000 tariff dividend would be paid to Americans.
- In a post on Truth Social, Trump said the payments would be for all but “high income people.”
- The president also called critics of tariffs “fools” and said the US was taking in “trillions of dollars.”
President Donald Trump on Sunday announced that a dividend payment of “at least” $2,000 would be paid to most Americans from US tariff revenues.
In a post on Truth Social, he wrote: “We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion.”
“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone.”
The Supreme Court is currently reviewing the legality of Trump’s sweeping tariffs, which he has justified under the International Emergency Economic Powers Act (IEEPA).
The president had floated the idea of a $1,000 to $2,000 “distribution to the people” in an interview with One America News Network in October, touting tariff revenues he predicted would bring in over a trillion dollars a year.
This is a developing story, check back for more details.
