Overview
- Trump said on Truth Social that most Americans would receive at least $2,000 funded by tariff revenues, with high earners excluded.
- He asserted that tariffs have boosted investment, pushed markets to records and lifted 401(k) balances, and claimed the proceeds could start paying down federal debt.
- The Supreme Court recently signaled skepticism as it reviews whether emergency economic powers allow unilateral tariffs or if Congress must authorize them.
- The administration’s tariffs have been applied broadly to imports from much of the world, a scope at issue in the case now before the justices.
- Trump publicly criticized the Court’s stance and defended his legal authority, while no ruling has been issued and the proposed payout remains a pledge.