President Trump has said most Americans can expect to get a “dividend” from tariffs of $2,000 or more, as the levies generate a surge in revenue.
That payoff could come in the form of the tax cuts laid out in the economic policy bill passed earlier in 2025, Treasury Secretary Scott Bessent suggested.
On Sunday, Trump took to social media to say: “A dividend of at least $2,000 a person (not including high income people!) will be paid to everyone,” in a post that began: “People that are against Tariffs are FOOLS!”
The comments follow Trump’s back-and-forth with reporters on Thursday in the Oval Office, where he acknowledged that US consumers are “paying something” for tariffs.
It was among the first acknowledgments from Trump that US consumers are footing at least some of the bill for his tariff regime, the bulk of which is facing a looming verdict from the Supreme Court.
In a closely watched case, a majority of the justices — both the court’s three liberal-leaning justices, as well as three more conservative ones — offered skeptical questions regarding the president’s authority to impose his most sweeping duties. If the Supreme Court does not side with Trump, it’s widely expected that the administration will seek out alternative methods to carry out the US’s trade agenda.
Read more: What Trump’s tariffs mean for the economy and your wallet
President Trump said that “at some point,” he would reduce the tariff rate on Indian goods, and that the US was getting “close” to a trade deal with New Delhi.
Switzerland is also close to securing a 15% tariff on its exports to the US. According to people familiar with the matter, a deal may be concluded within the next two weeks.
China is planning to ease the flow of rare earths and other restricted materials in a bid to exclude companies which have connections to the US military, according to a report in the Wall Street Journal. (Read more: What are rare earth minerals, and why are they important?)
That development comes weeks after the US and China reached a trade truce. The thaw means China will suspend additional export controls on rare earth metals and end investigations into US chip companies. Meanwhile, the US will pause some of Trump’s “reciprocal tariffs” on China for another year.
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