Overview
- In a Truth Social post, the president said at least $2,000 would be paid to Americans except high earners as a tariff-funded “dividend.”
- Treasury Secretary Scott Bessent said no formal plan exists and indicated any benefit could instead be delivered through tax cuts.
- The Supreme Court held arguments on Nov. 5 over the administration’s use of IEEPA to impose broad tariffs, with justices questioning presidential authority.
- Official data show a record $195 billion in net tariff receipts in fiscal 2025, helping trim the budget deficit by $41 billion.
- Analysts note tariffs tend to lift consumer prices and restrain imports and employment, meaning consumers effectively shoulder much of the cost.