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Trump Says Americans Will Receive $2K Each From Tariff Push
- Amid ongoing debate over his trade policy, Trump announced on Sunday that most Americans will receive at least $2,000 from tariff revenue, without specifying when or who qualifies.
- Through the first three quarters of this year, Treasury Department recorded $195 billion in tariff duties, which fund a policy aiming to restore manufacturing jobs and shift tax burdens.
- Treasury Secretary Scott Bessent told CNBC that the $2,000 dividend's form is unsettled and could include tax changes rather than immediate checks, while Bitcoin and Ether prices nudged higher after the announcement.
- Last week the U.S. Supreme Court heard oral arguments challenging the tariffs after lower federal courts ruled them an overreach, and analysts say direct tariff payments would require Congress approval.
- Economists warn tariffs will raise consumer prices and slow job growth amid rising costs, while President Donald Trump says tariff revenue will help pay down the $37 trillion national debt.
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·Atlanta, United States
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Donald Trump, while reiterating that America will earn trillions of dollars from the tariff, has promised to give a Tariff Dividend of $2000 to every American from the revenue generated from it.
Coverage Details
Total News Sources284
Leaning Left25Leaning Right64Center82Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
15%
C 48%
R 37%
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