In a surprise move, former US President Donald Trump announced that Americans would receive a $2000 dividend payment, with the funds set to be drawn from tariffs imposed on trading partners. The promise came as a result of the Supreme Court's upcoming decision on whether Trump's tariff policies were lawful.
Trump, who has long argued that he had the authority to impose tariffs, took aim at the judiciary in his latest tweetstorm. He claimed that Congress approved his actions and asserted that the court was overstepping its bounds by questioning them.
The former president's statement echoed some of his past rhetoric on trade, where he often pitted tariffs against other measures, such as "stop[ping] all trade with a foreign country." However, this approach has drawn criticism from lawmakers and economists alike.
Some have interpreted Trump's dividend proposal as an attempt to buy off critics of the tariffs, which have been contentious among farmers, manufacturers, and trading partners. The Supreme Court's decision is seen as pivotal in determining the fate of these policies, with implications for trade and economic policy that will be felt for years to come.
The proposed payment would significantly boost the income of millions of Americans, assuming it comes to fruition. With 401(k) values at an all-time high and inflation under control, a $2000 dividend seems like a welcome windfall, particularly in light of stagnant wages for many workers.
Trump, who has long argued that he had the authority to impose tariffs, took aim at the judiciary in his latest tweetstorm. He claimed that Congress approved his actions and asserted that the court was overstepping its bounds by questioning them.
The former president's statement echoed some of his past rhetoric on trade, where he often pitted tariffs against other measures, such as "stop[ping] all trade with a foreign country." However, this approach has drawn criticism from lawmakers and economists alike.
Some have interpreted Trump's dividend proposal as an attempt to buy off critics of the tariffs, which have been contentious among farmers, manufacturers, and trading partners. The Supreme Court's decision is seen as pivotal in determining the fate of these policies, with implications for trade and economic policy that will be felt for years to come.
The proposed payment would significantly boost the income of millions of Americans, assuming it comes to fruition. With 401(k) values at an all-time high and inflation under control, a $2000 dividend seems like a welcome windfall, particularly in light of stagnant wages for many workers.