Trump said – Benefit from tariff, will give ₹ 1.7 lakh to poor Americans: Government will repay debt of 37 trillion dollars; Those who oppose it are ‘fools’

Trump on Sunday talked about giving $2,000 to every low-income American.

US President Donald Trump posted on Truth Social on Sunday and claimed that billions of dollars are being generated from tariffs. He said that from this earning, every American citizen, except the rich, will get a ‘dividend’ of $ 2,000 (about Rs 1.7 lakh).

Trump called critics of the tariffs ‘idiots’ in the post. He said, ‘People who speak against tariffs are fools. Our government has made America the richest and most respected country in the world, where inflation is negligible and the stock market is at record levels.

However, Trump did not specify who would receive these benefits, its eligibility criteria (like what would be the income limit?) or the timeline. This is not the first time he made such a promise. In October he hinted at a discount of $1,000 to $2,000.

Treasury Secretary said- Our focus is on repaying the loan

US Treasury Secretary Scott Besant clarified Trump’s claims in an interview with ABC News. He said that he has not discussed this dividend with Trump. But perhaps this amount could come in the form of tax cuts.

According to the Times of India report, Besant’s focus is on repaying the loan and not on distributing direct cheques. In August he told CNBC that tariff revenues would reduce the debt by $38.12 trillion.

Report- Trump’s plan may increase debt

The tariffs would generate just $195 billion in fiscal year 2025, according to a September statement from the Treasury Department. If $2,000 were distributed per person (about 250 million non-wealthy Americans), the cost would be about $500 billion, far exceeding current income.

According to the New York Times report, this plan may increase the debt instead of reducing it.