In a fiery Sunday morning post on Truth Social, President Donald Trump announced plans to send $2,000 to every person in America as a “dividend” from new tariffs he’s slapped on countries around the world.
This bold promise comes just days after the Supreme Court grilled his administration over whether he can legally use emergency powers to impose these massive tariffs on almost every nation.
“At least $2,000 per person (not the rich ones!)” Trump wrote, adding that the money would come straight from tariff revenue.
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He didn’t say exactly who qualifies or when the checks would start rolling out. But Treasury Secretary Scott Bessent, appearing on ABC’s “This Week,” hinted it might not even be cash in hand.
“The $2,000 could come in different ways,” Bessent said. “It might just mean lower taxes overall.”
Trump went on to boast that tariffs have already brought in “trillions” and pushed 401(k)s to record highs, while insisting there’s been “NO inflation” from the duties.
“People that are against Tariffs are FOOLS!” he doubled down.
Between April and October, the U.S. actually collected about $151 billion in import duties, according to the Committee for a Responsible Federal Budget. Bessent says he expects $500 billion or more every year moving forward.
For comparison, a $2,000 check plan during the pandemic was estimated to cost around $464 billion.
Trump has toyed with the idea of tariff dividends before, but this latest push follows a tough week for Republicans—Democrats swept key blue-state races where voters were furious about the cost of living.
“It’ll never pass,” Ohio Senator Bernie Moreno told reporters back in July. “We’ve got $37 trillion in debt.”
The Supreme Court hearing last Wednesday put Trump’s emergency tariff powers under a microscope. Conservative justices seemed skeptical, and a ruling could come by next June.
The tariffs in question—imposed under the International Emergency Economic Powers Act—brought in about $90 billion of the $151 billion collected this fiscal year, per U.S. Customs data through late September.
If the Court strikes them down, the government might have to refund billions. Trump could try other legal paths, like Section 301 trade rules, but those are slower and risk more lawsuits.
Beyond revenue, Trump has used these tariffs as leverage in foreign talks, including efforts to end overseas conflicts.
Not all his tariffs are on the chopping block—steel, aluminum, and auto duties, for example, are safe for now.