(The Hill) —President Trump said Sunday that each American will receive at least $2,000 from tariff revenue collected by the administration.
“A dividend of at $2000 a person (not including high income people!) will be paid to everyone,” the president said on his Truth Social platform. He added that those against the tariffs are “FOOLS!”
Such a proposal would likely need to be passed by Congress. This summer, Republican Sen. Josh Hawley (Mo.) introduced legislation to give $600 tariff rebates to nearly all Americans and their dependent children.
“My legislation would allow hard-working Americans to benefit from the wealth that Trump’s tariffs are returning to this country,” Hawley said at the time.
Treasury Secretary Scott Bessent, though, told CNBC in August that the administration’s priority is paying down the $38.12 trillion national debt using the tariff revenue.
On Sunday, Trump also said that the administration would pay down the “ENORMOUS” debt using tariff revenue.
The Hill has reached out to the White House for clarification on the president’s plan.
Through the first three quarters of this year, the Treasury Department collected $195 billion from tariff duties, according to its September statement.
But as of Oct. 17, consumers are facing an average effective tariff rate of 18 percent, the highest since 1934, according to the Yale Budget Lab. After the president imposed sweeping tariffs on trading partners around the world in April, firms have passed on some tariff costs to customers.
Trump says Americans will receive $2K each from tariff push 2025 IUSTITIA.BG – Investigations 2009-2025 2025-11-09 15:19:01 Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
