Scroll down to read the news in brief...
US President Donald Trump has imposed tariffs on countries worldwide with an aggressive trade policy in his second term. By issuing a 50% tariff order on India, he has fulfilled the promise to make America great again. Now, Trump has made a big announcement to give the earnings from these tariffs to ordinary citizens. He wrote on his Truth Social platform that soon, most American citizens will have $2,000 (approximately 177,269 rupees) deposited in their bank accounts as tariff dividends. This benefit will be available to others except for the high-income group, similar to the PM Kisan scheme in India or the Ladki Bahin scheme in Maharashtra.
Trump said, "Tariffs are making America earn several trillion dollars. This is the first step towards the cupboard of 37 trillion dollars of debt. Those opposing tariffs are fools. There is no inflation now, the stock market is at a record high, investment has increased, and America has become the richest, most respected country in the world." According to the statistics of the American Treasury Department, 195 billion dollars in tariff duty has been collected. Trump claimed that his policy has given new strength to the manufacturing sector and employment is increasing. However, the date of this announcement has not yet been declared.
Meanwhile, Trump's tariff policy has been challenged in the US Supreme Court. Lower courts have stated that this policy is beyond the President's authority. The Supreme Court will soon decide whether there has been a misuse of the International Emergency Economic Powers Act. It will be determined whether revenue can be collected by imposing unilateral tariffs. This decision by Trump is affecting global trade, and pressure has increased on the economies of other countries, including India. Due to these developments, everyone's attention is on the future of the American economy.
Trump's tariff dividend plan announced
Claim to give $2000 directly to American citizens
Legal challenge on tariff policy in Supreme Court
Impact on global trade and other countries including India