Trump says Americans will receive $2,000 tariff dividend

"President Trump said Sunday that most Americans would receive a $2,000 dividend payment as a result of his administration's tariffs levied against foreign countries. Trump announced the potential payments on his Truth Social platform, calling opponents of his tariffs "FOOLS" in a post. "We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion," the president wrote."

"The Supreme Court heard arguments in a case that questions whether Trump exceeded his authority in levying tariffs against foreign nations without congressional support. Most of the justices on the bench, including conservative justices such as Chief Justice John G. Roberts, appeared skeptical of the president's authority under the Constitution. Most of the justices seemed to take the view that the Constitution gives Congress the power to raise taxes, duties and tariffs, not the president."

President Trump announced a proposed $2,000 dividend for most Americans funded by tariffs collected from foreign countries and called opponents of his tariffs "FOOLS." He claimed trillions in revenue and said proceeds would help pay down the national debt and spur record U.S. investment with factories returning. Congressional approval would likely be necessary and the dividends could cost hundreds of billions. The Supreme Court appeared skeptical that the president acted within constitutional authority to levy tariffs without Congress. The administration has imposed steep tariffs on specific goods and countries; Treasury Secretary Scott Bessent had not discussed the dividend with the president.

Read at Los Angeles Times