Trump says Americans will receive $2,000 tariff dividend

President Trump said Sunday that most Americans will receive a $2,000 dividend payment as a result of his administration’s tariffs on foreign countries.

Trump touted the potential tariffs on his Truth Social platform and called those who oppose his tariffs “FOOL” in a post.

“We are receiving Trillions of Dollars and will soon begin paying off my MASSIVE DEBT of $37 TRILLION,” the President wrote. “Record Investment in the USA, factories and mills are increasing everywhere. Everyone will be paid dividends of at least $2000 per person (except high-income people!).”

Congressional approval will likely be required before payments can be made. There are no specific plans at this stage for dividends, which could cost the government hundreds of billions of dollars.

Trump’s post came after a difficult week for the president.

The Supreme Court heard arguments in a case questioning whether Trump overstepped his authority to impose tariffs on foreign countries without congressional support. Many of the justices on the bench, including conservative justices such as Chief Justice John G. Roberts, were skeptical of the president’s authority under the Constitution.

Most justices appeared to take the view that the Constitution gives Congress, not the president, the authority to raise taxes, fees and tariffs.

This blow comes on the heels of Democratic victories across the country on Tuesday.

Since taking office, Trump has imposed high tariffs on certain goods, as well as particularly high tariffs on goods from certain countries, such as India and Brazil.

Trump said in a speech at the White House on Thursday that canceling tariffs would be “devastating” for the US

Sunday Interview with George StephanopoulosTreasury Secretary Scott Bessent said he had not yet spoken to Trump about the proposed dividend.

“The $2,000 dividend can come in many shapes and forms,” Bessent said.