President Donald Trump promised a $2,000 payment for every American as a tariff “dividend,” in a post Sunday morning.
The post comes after the Supreme Court questioned the legality of his use of emergency powers to impose sweeping new tariffs on nearly every country on Earth.
“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” read Trump’s post on Truth Social.
Trump provided no details on who exactly would be eligible, or when the payments might go out.
But Bessent explained to ABC’s “This Week” on Sunday that the tariff dividends might not be direct payments.
“The $2,000 divided could come in lots of forms,” Bessent said. “It could be just the tax decreases that we are seeing.”
The president added that the tariffs have brought in “trillions of dollars” and that 401(k) accounts are the “Highest EVER”. He also claimed there was “No Inflation” from the duties.
“People that are against Tariffs are FOOLS!” he wrote.
The US collected about $151 billion from import duties between April and October, according to the Committee for a Responsible Federal Budget.
Treasury Secretary Scott Bessent said he expected the US to collect $500 billion or more in tariff revenue per year. --->READ MORE HERE
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| Valerie Plesch/picture alliance / Getty Images |
U.S. Trade Representative Jamieson Greer joins ‘Mornings with Maria’ to discuss the Supreme Court tariff showdown, potential $200B fallout and new progress in U.S.-China trade relations.
President Donald Trump said Sunday that people who do not support tariffs are "fools" and vowed to use the revenue generated from duties to fund a $2,000 dividend for Americans.
"People that are against tariffs are FOOLS! We are now the richest, most respected country in the world, with almost no inflation and a record stock market price," Trump wrote in a Truth Social post. "A dividend of at least $2000 a person (not including high-income people!) will be paid to everyone," he added.
Trump also said that due to his economic agenda, manufacturing plants and factories are seeing "record investment." He also said that the U.S. will soon begin "paying down our ENORMOUS DEBT," which is currently hovering just north of $38 trillion, according to the latest numbers published by the Treasury Department.
Since Trump announced his "Liberation Day" tariffs in April, tariff revenues have climbed sharply from $23.9 billion in May to $28 billion in June and $29 billion in July. Total duty revenue reached $215.2 billion in fiscal year 2025, which ended Sept. 30, according to the Treasury Department’s "Customs and Certain Excise Taxes" report.
So far in fiscal year 2026, which began on Oct. 1, the U.S. has collected $35.9 billion.
Trump's remarks came amid renewed legal scrutiny of his trade policies, as the Supreme Court last week began hearing oral arguments on whether Trump has authority under the International Emergency Economic Powers Act (IEEPA) to impose tariffs and whether those actions violate the Constitution’s separation of powers. --->READ MORE HERE
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