Trump gives update on when people could receive ‘tariff dividends’ of ‘at least $2,000’
Topics: Donald Trump, Money, Tariffs, US News
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Featured Image Credit: Anna Moneymaker/Getty Images
Topics: Donald Trump, Money, Tariffs, US News
Donald Trump has given an update on when Americans can expect to see ‘tariff dividends’ land in their bank.
Earlier this month, the president promised Americans could be in for a decent payout to the tune of $2,000 through his controversial 'tariff dividends'.
Explaining his policy on Truth Social, Trump wrote: "People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country In the World, With Almost No Inflation, and A Record Stock Market Price. 401k’s are Highest EVER.
"We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place. A dividend of at least $2000 a person (not including high income people!) will be paid to everyone."
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Last week, Treasury Secretary Scott Bessent explained how it would work to support low-income families, though stated the administration is still ironing out the details.
"Well, there are a lot of options here that the president’s talking about a $2,000 rebate and those — that would be for families making less than, say, $100,000," Bessent said before stating it's 'in discussion' while they haven't yet decided on such a limit.
Now, Trump says the dividends are coming for US citizens, but has yet to finalize a date.
Instead, Trump gave an update on Friday, revealing the $2k cash bonus won't be coming in time for the holidays and Christmas shopping season.
While speaking to reporters aboard Air Force One, he said they'll most likely come in 2026.
"No, no. Not for this year," he said. "It'll be next year sometime."
"The tariffs allow us to give a dividend. We’re going to do a dividend and we’re also going to be reducing debt,” he added before jetting off to Mar-a-Lago.
His comments come as concerns begin to ramp up over whether the Supreme Court could block Trump's so-called 'reciprocal tariffs' that he's rolled out under the International Emergency Economic Powers Act (IEEPA).
The statute doesn't mention tariffs, and no other president in US history has utilized it to hike tariffs on trading partners across the world.
When asked if he would be able to send out the checks if the Supreme Court did take a stand against tariffs, he said: "Then I’d have to do something else.”
It's not just the Supreme Court the POTUS will have to adhere to, as the tariff rebate would also need the green light from Congress.
Already, several Republicans have expressed skepticism about the move, stating the president ought to be concerned with tackling the federal budget deficit instead.