President Donald Trump reaffirmed his strong support for aggressive tariffs, pledging that tariff revenues collected by his administration will soon deliver at least $2,000 to every American—except the wealthy.
In a fiery Truth Social post, Trump slammed opponents of his trade strategy: "People that are against Tariffs are FOOLS!" He touted his administration's achievements, claiming the U.S. is now "the richest, most respected country in the world, with almost no inflation, and a record stock market price."
Trump claimed the country is taking in trillions of dollars from tariffs, with the money set to be used to reduce the $37 trillion national debt. He said the administration would soon begin paying it down while issuing a dividend of at least $2,000 a person (not including high-income people) to all Americans.
He also touted what he called record-breaking economic achievements. "401k’s are highest EVER," he wrote, adding that "plants and factories (are) going up all over the place". However, Trump did not provide details on how the proposed tariff dividend would be distributed or when it would take effect.
US Treasury Secretary Scott Bessent, who told CNBC in August that the administration’s focus was on paying down the $38.12 trillion national debt using the tariff revenue.
The president’s post also comes as the Supreme Court reviews challenges questioning whether he exceeded his executive powers by imposing sweeping tariffs on imports from nearly every major trading partner.
Trump has repeatedly dismissed the legal scrutiny, arguing that tariffs are his strongest economic weapon. "We are taking in trillions of dollars," he wrote, insisting the policy has made America stronger, wealthier, and more independent.
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