Trump said that Americans will get a tariff benefit of 2000 dollars
President Trump said Sunday that many Americans will receive a $2,000 dividend as a result of his administration’s tariffs against foreign countries.
Trump announced the potential payments on his social media platform Truth, calling opponents of his tariffs “idiots” in a post.
“We’re borrowing trillions of dollars and soon we’re going to start paying off a whopping $37 trillion.” The president wrote. “Record investment in the United States, plants and factories are growing everywhere. At least $2000 a person (including high-income people) will be given to everyone.”
Congressional approval would likely be required to provide the payments. There is no specific plan for dividends at this stage, which will cost the government hundreds of billions of dollars.
Trump’s post comes after a rough week for the president.
The Supreme Court is hearing arguments in a case that questions whether Trump overstepped his authority by imposing tariffs on foreign countries without the support of Congress. Many of the justices on the bench, including conservative justices such as Chief Justice John G. Roberts, appear skeptical of the president’s constitutional authority.
Most justices seem to take the view that the Constitution gives Congress, not the president, the power to raise taxes, duties, and tariffs.
The blow came amid Democratic victories across the country on Tuesday.
Since taking office, Trump has imposed higher tariffs on certain goods, as well as on goods from certain countries such as India and Brazil.
In remarks at the White House on Thursday, Trump said repealing the tariffs would be “devastating” for America.
In an interview with George Stephanopoulos on Sunday, Treasury Secretary Scott Besant said he had not yet spoken to Trump about the proposed dividend.
“A contribution of $2,000 can be made in many forms and in many ways,” Besant said.



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