U.S. President Donald Trump has unveiled a bold new idea: Americans with lower and middle incomes could receive direct payments—so-called tariff dividends—funded by revenues from import tariffs. The plan aims to offer relief to everyday citizens while companies continue to bear rising costs from ongoing trade tensions.

“We could distribute a dividend to the people of our country—especially those with middle and lower incomes,” Trump told reporters shortly before boarding Air Force One after leaving his golf club in New Jersey.

💰 Tariffs Already Generating Billions

According to Treasury Secretary Scott Bessent, tariffs have already generated over $100 billion in revenue for the U.S., with projections estimating that annual returns could reach $300 billion.

Trump previously hinted at the idea of sending out rebate checks, also financed by tariffs. These payments would target “people within a certain income level,” although he did not specify the thresholds.

At the same time, his administration has stressed that reducing the national debt remains a top priority. The U.S. federal debt has now surpassed $36 trillion, and analysts expect it to keep growing—especially after Trump’s newly signed tax cuts and spending packages on July 4.

Estimates by the Joint Committee on Taxation suggest that Trump’s "Big Beautiful Bill" could increase the federal deficit by $3.4 trillion over the next decade.

⚙️ Rebate Checks Tied to DOGE Savings

Back in February, Trump floated the idea that 20% of the savings from Elon Musk’s government efficiency initiative—known as DOGE (Department of Government Efficiency)—could fund direct payments to taxpayers. However, Congress would need to approve legislation to give the Treasury the authority to issue those payments.

⏳ White House Extends Deadline for Tariff Talks

Meanwhile, Trump continues to pressure America’s trade partners. He announced reciprocal tariffs in April, which shook global markets and investor confidence. The initial 90-day tariff pause with a baseline 10% rate was set to expire on July 9 but has now been extended to August 7.

This extension gives nations additional time to negotiate better terms. Trade policy expert Inu Manak from the Council on Foreign Relations said that countries facing high tariff rates—15% or more—have strong incentives to return to the negotiating table.

🤝 Progress with Key Allies

So far, the U.S. has reached deals with Japan, Indonesia, South Korea, the Philippines, and the European Union. These agreements could pave the way for implementing Trump’s proposed “tariff dividend” as a new wealth redistribution mechanism for the American public.

#TrumpTariffs , #USPolitics , #USGovernment , #DOGE , #worldnews

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