Trump Proposes Potential Stimulus Checks Funded by Tariffs
WASHINGTON – Former president Donald Trump this week suggested a plan to distribute stimulus checks to Americans, perhaps ranging from $1,000 to $2,000, funded by revenue generated from tariffs on imported goods. The proposal surfaced during a Thursday interview with One America News, where Trump discussed potential uses for increased tariff revenue.
The idea arrives as a shift from earlier discussions surrounding cryptocurrency-based stimulus, such as those involving Dogecoin and Elon Musk. While that concept has largely faded from public conversation, Trump’s proposal re-ignites the debate over direct financial aid to citizens.
During the interview, Trump stated the funds would initially be used to address the national debt, which currently exceeds $38.48 trillion,according to Newsweek. He argued that economic growth and tariff revenue could allow the country to “grow itself out of that debt,” while also enabling a “distribution to the people, almost like a dividend to the people of America.”
“We’re going to do something, we’re looking at something,” Trump said. He estimated that tariffs could generate “over one trillion dollars a year,” a figure he claimed is “bigger then they ever were.”
However, the implementation of such a plan would require Congressional approval. Trump’s claim that tariffs will substantially reduce the national debt is also subject to economic debate.
