President Donald Trump said Sunday that people who don’t support tariffs are “stupid” and pledged to use revenue generated by the tariffs to fund a $2,000 dividend to Americans, according to a report by Fox Business. “People who oppose tariffs are idiots! We are now the richest and most respected country in the world, with almost no inflation and a record stock market,” Trump wrote in a post on Truth Social. He added: “Dividends of no less than $2,000 per person (not including high-income earners!) will be distributed to everyone.”
Read also: Supreme Court reviews legality of Trump’s tariffs
Trump also said that because of his economic agenda, factories and factories are seeing “record investment.” He also stated that the United States will soon begin “paying down our enormous debt,” which the Treasury Department reports is currently just over $38 trillion.
Tariff revenues amount to $215.2 billion
Total tariff revenues for fiscal year 2025 rose to $215.2 billion, according to the Treasury Department. Since Trump announced his tariffs on Emancipation Day in April, monthly tariff revenues have increased from $23.9 billion in May to $28 billion in June and $29 billion in July. Fiscal year 2025 ended on September 30. For the current fiscal year 2026, which began on October 1, the United States has so far collected $35.9 billion in tariff revenue.
Supreme Court hears tariff case
The President’s remarks came as the Supreme Court began hearing oral arguments on November 5, 2025, regarding his tariff authority. The case questions whether Trump has the authority under the International Emergency Economic Powers Act to impose tariffs and whether those actions violate the Constitution’s separation of powers.
This legal scrutiny comes on the heels of a federal appeals court ruling on August 29 that Trump exceeded his authority by using emergency powers to impose new tariffs on imported goods. The lower court ruled that the authority to impose tariffs rests with Congress or within existing trade policy frameworks. The Supreme Court is now set to decide the fate of the president’s trade agenda.
Source: Market intelligence platform IndexBox
