President Donald Trump on Sunday defended his tariff policy, calling opponents of the measure 'fools,' and claimed that tariffs have made the United States 'the richest, most respected country in the world, with almost no inflation.'

He also said that a "dividend of at least USD 2,000 a person (not including high-income people!) will be paid to everyone" from tariff revenues.

'People that are against Tariffs are FOOLS!' Trump wrote in a post on Truth Social, asserting that, the United States has become 'the richest, most respected country in the world, with almost no inflation, and a record stock market price.401k's are highest ever'

He claimed that the US is "taking in trillions of dollars" from tariffs, which he said would allow the US to "soon begin paying down our enormous debt, $37

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