Trump: Americans to receive $2,000 each from tariff revenue

Spread the love

President Donald Trump on Sunday said every American with the exception of the wealthy will receive $2,000 from the revenue the U.S. has collected from tariffs.

“A dividend of at least $2000 a person (not including high-income people!) will be paid to revenue,” Trump posted on Truth Social. He did not say when or how the tariff revenue would be distributed.

“We are now the richest, most respected country in the world with almost no inflation and a record stock market price. 401Ks are highest ever,” Trump wrote. “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.”

Trump has said he wants to use tariffs to restore manufacturing jobs lost to lower-wage countries in decades past, shift the tax burden away from U.S. families and pay down the national debt. Economists, businesses and some public companies have warned that tariffs will raise prices on a wide range of consumer products.

Trump’s Liberation Day tariffs have been challenged in federal courts as unconstitutional by some business groups and Blue states, who argue that only Congress has the authority to enact tariffs. The U.S. Supreme Court last week heard oral arguments in a consolidated case challenging the tariffs.

Even some of the court’s conservative justices seemed skeptical of Trump’s authority to issue sweeping tariffs. Trump addressed that skepticism in his social media post.

“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 it is not allowed to put a simple tariff on a foreign country, even for the purposes of NATIONAL SECURITY,” he wrote. “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???”

The Center Square’s Brett Rowland contributed to this report.

Leave a Comment





Latest News Stories

WATCH: Trump administration to designate Antifa a foreign terror organization

By Sarah Roderick-FitchThe Center Square During a round table discussion with independent journalists at the White House on Wednesday afternoon, President Donald Trump said his administration would designate Antifa a...

WATCH: Trump admin singles out Chicago, Pritzker during Antifa roundtable

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – With arguments set Thursday in the state of Illinois’ case challenging President Donald Trump’s use of the...

WATCH: Lawmakers spar over Biden administration’s censorship campaign

By Thérèse BoudreauxThe Center Square In a heated congressional hearing, U.S. lawmakers debated whether the Biden administration or current Trump administration is more guilty of infringing on Americans’ First Amendment...
Illinois quick hits: Charges against protesters dropped; ISP crime suppression in Metro East

Illinois quick hits: Charges against protesters dropped; ISP crime suppression in Metro East

By Jim Talamonti | The Center SquareThe Center Square Charges against protesters dropped U.S. government attorneys have dropped a criminal complaint against two people who brought guns to a protest...
EXCLUSIVE: Van Duyne wants to treat Antifa like the mafia amid crackdown

EXCLUSIVE: Van Duyne wants to treat Antifa like the mafia amid crackdown

By Brett RowlandThe Center Square A U.S. representative from Texas said it's time for Congress to get serious about violent groups such as Antifa. "We've only seen it get worse,...
Another lawsuit expected over school districts hiring criminal Guyanan superintendent

Another lawsuit expected over school districts hiring criminal Guyanan superintendent

By Bethany BlankleyThe Center Square At least one more lawsuit is expected to be filed by another school district that claims it did not know it hired an illegal foreign...
IL House GOP leader: Pritzker 'deliberately lied' to score political hit

IL House GOP leader: Pritzker ‘deliberately lied’ to score political hit

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – Illinois House Minority Leader Tony McCombie says Gov. J.B. Pritzker lied about her record to score political...
SCOTUS considers IL congressman’s standing to challenge ballot counting law

SCOTUS considers IL congressman’s standing to challenge ballot counting law

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – The U.S. Supreme Court is considering whether an Illinois U.S. House candidate has standing to sue the...
No progress on government shutdown, jeopardizing military paychecks

No progress on government shutdown, jeopardizing military paychecks

By Thérèse BoudreauxThe Center Square Democratic U.S. Senators voted against opening the federal government for a sixth time Wednesday afternoon, dimming hopes that Congress will reach a funding deal in...
Colorado boosts EV rebates as federal incentives end

Colorado boosts EV rebates as federal incentives end

By Elyse ApelThe Center Square As national incentives for electric vehicles end, Colorado has decided to jump in and offer its own incentives. Last week, Gov. Jared Polis announced an...
Man charged with starting Palisades Fire in L.A.

Man charged with starting Palisades Fire in L.A.

By Dave MasonThe Center Square Jonathan Rinderknecht, 29, has been arrested and charged with starting what became the Palisades Fire, one of the most devastating blazes in the history of...
Trial date set for Jan. 5 after Comey pleads not guilty to charges

Trial date set for Jan. 5 after Comey pleads not guilty to charges

By Morgan SweeneyThe Center Square A trial date of Jan. 5 has been set for the case involving former FBI Director James Comey after he pleaded not guilty Wednesday to...
US oil production reached record-high 13.6 million barrels a day in July

US oil production reached record-high 13.6 million barrels a day in July

By Alton WallaceThe Center Square The United States produced a record-high 13.6 million barrels of crude oil per day in July, up from 13.5 million barrels per day (b/d) in...
Poll: Voters don't want U.S. military to address internal threats

Poll: Voters don’t want U.S. military to address internal threats

By Brett RowlandThe Center Square Half of Republicans said the president should only send troops to face external threats as President Donald Trump prepares to use National Guard troops in...
U.S. Supreme Court appears split over mail-in ballot challenge

U.S. Supreme Court appears split over mail-in ballot challenge

By Andrew RiceThe Center Square The U.S. Supreme Court appeared split during oral arguments on Wednesday about a challenge over mail-in ballot laws in Illinois. The challenge centers around Rep....