Trump announces plan to distribute tariff revenue to citizens
The Treasury Department has collected $195 billion from customs duties and tariffs in the first nine months of this year
Donald Trump, the President of the United States, announced that every American will receive at least $2,000 from the revenue generated by tariffs collected by the government
According to The Hill, Trump wrote on the social media platform Truth Social that each person, except high-income individuals, will receive a share amounting to $2,000. He added that those who oppose tariffs are fools
Implementing such a plan will likely require approval from Congress. Earlier this summer, Republican Senator Josh Hawley proposed a bill that would grant nearly all Americans and their dependents a $600 tariff rebate