Agency’s Release
US President Donald Trump has announced a new economic proposal that would use revenue collected from US tariffs to fund $2,000 payments to every American.
“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone” Trump wrote on Truth Social, adding that those against tariffs are “fools.”
While this proposal would likely need to be passed by Congress, it resembles legislation introduced this summer by Republican Senator Josh Hawley’s (R-Mo.) this summer, to give $600 tariff rebates to nearly all Americans and their dependent children.
“My legislation would allow hardworking Americans to benefit from the wealth that Trump’s tariffs are returning to this country,” Hawley said.
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In August, Treasury Secretary Scott Bessent told CNBC that the administration’s priority is to use the tariff revenue to pay down the $38.12 trillion national debt.
According to a September statement, the Treasury Department has collected $195 billion from tariffs in the first three quarters of the year.
Trump cited ‘trillions of dollars’ of tariff income and said the money would soon go to paying the country’s ‘enormous debt’ of $37 trillion.
“People that are against Tariffs are FOOLS!” Trump wrote. “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.”
After the President’s Sunday post pledging a $2,000 dividend to all Americans, he made a couple more posts railing against the Supreme Court’s position on his tariffs.
Four minutes after the first post, he wrote: ‘WITHOUT TARIFFS, WE HAVE NONE OF THE FOLLOWING (JUST POSTED) TRUTH!!! President DJT.’
A little less than an hour later, he made another post which said: ”So, let’s get this straight??? The President of the United States is allowed (and fully approved by Congress!) to stop ALL TRADE with a Foreign Country (Which is far more onerous than a Tariff!), and LICENSE a Foreign Country, but is not allowed to put a simple Tariff on a Foreign Country, even for purposes of NATIONAL SECURITY.
‘’That is NOT what our great Founders had in mind! The whole thing is ridiculous! Other Countries can Tariff us, but we can’t Tariff them??? It is their DREAM!!! Businesses are pouring into the USA ONLY BECAUSE OF TARIFFS. HAS THE UNITED STATES SUPREME COURT NOT BEEN TOLD THIS??? WHAT THE HELL IS GOING ON???President DJT.”
Earlier this year, Trump announced tariffs on trading partners including China, Canada, Mexico and the EU.
