US President Donald Trump made a big announcement on his Truth Social account on Sunday, claiming that Americans will be receiving money directly sourced from tariff revenues.

Posting on the social media platform, he announced a dividend of at least $2,000 per person in the United States. He also criticised those opposing tariffs by calling them “FOOLS!”

Donald Trump later told USA Today that a $2,000 dividend will be given to each low- and middle-income American, and the remaining tariffs will be utilised by the government to lower its debt, referring to debt as a “national security thing.”

All you need to know about Donald Trump's $2,000 dividend plan

The president proposed the idea, just five days after his Republican Party lost elections in Virginia, New Jersey, and elsewhere

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