US President Donald Trump on Monday offered an update to his previous announcement to pay our $2,000 per person to low- and moderate-income individuals.
Confirming his earlier statement, Trump said a $2,000 dividend payment would be paid to low- and middle-income US citizens from the “massive” US tariff revenue that comes after the country imposed tariffs on imports from virtually all countries.
He said the remaining money, after paying $2,000 per person, would be used to substantially pay down the national debt. US debt was previously pegged at $37 trillion by Trump.
“Any money left over from the $2,000 payments to low- and middle-income US citizens, from the massive tariff revenue flowing into our country from foreign countries, which will be substantial, will be used to SIGNIFICANTLY PAY OFF THE NATIONAL DEBT,” the US president said in a post on Truth Social.
Trump promises most Americans $2,000
Donald Trump claimed in a post on Sunday that he will pay a dividend of $2,000 per person to low- and middle-income US citizens from the money generated by recently imposed US tariffs.
“A dividend of at least $2,000 per person (excluding high earners!) will be paid to everyone,” he wrote on X.
The president called out people who oppose Trump’s tariffs, saying that the US now has almost no inflation.
“People who are against tariffs are FOOLS! We are now the richest, most respected country in the world, with almost no inflation and a record price in the stock market. 401k is the highest EVER,” he said.
Trump also claimed that revenue from the tariffs would be used to reduce US debt.
“We’re taking in trillions of dollars and we’re about to start paying down our HUGE DEBT, $37 trillion. Record investment in the US, factories and plants everywhere,” he said.
U.S. tariffs are now the highest in about a century, with the Treasury collecting about $30 billion a month, Bloomberg reported. Trump also touts the investments in the U.S. that companies and trading partners have committed to as a result of his deal-making.
However, the Supreme Court recently raised questions about the validity of the US tariffs. At a hearing last week, the justices seemed skeptical that Trump has the constitutional authority to impose his national tariffs.
A verdict for the same is expected by the end of this year.
