$2,000 tariff dividend coming to every American, Trump says

Payments of at least $2,000 will be coming to every American as a result of tariffs, President Donald Trump announced Sunday.

“People that are against Tariffs are FOOLS!,” Trump wrote on Truth Social. “We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price. 401k’s are Highest EVER. We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place.

“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” he added.

No details of when the payments would be made or who would qualify were released.

This isn’t the first time the idea of direct payments as a result of the stimulus has been proposed. Earlier this year, U.S. Sen. Josh Hawley, R-Missouri, introduced a bill that would provide $600 to all qualifying adults and their dependent children. There are income limits on the payments, with amounts decreasing for families with an income of $150,000 or more, $112,500 for heads of households or $75,000 for individual taxpayers.

Through the first three quarters of this year, some $195 billion has been collected through tariff duties, according to the Treasury Department. Lawmakers have consistently said the bulk of the revenue would go towards paying down the national debt.