There’s no denying that Donald Trump has a unique way of thinking.
The president is reportedly worried about the possibility of the Supreme Court rejecting the extensive use of tariffs as a diplomatic strategy with other nations. In light of this, he proposed making tariffs more appealing to Americans. Trump has pledged to distribute $2,000 to every citizen, excluding the wealthy.
In a post on True Social, he stated:
“Those against tariffs are foolish! America is now the wealthiest and most admired nation globally, with minimal inflation and stock prices hitting record levels. Our stock is at an unprecedented $401,000. We’re generating trillions in revenue and will soon tackle our $37 trillion debt. Investment in the U.S. is booming, with factories popping up everywhere. Everyone will receive at least $2,000, except for high earners!”
The Supreme Court is currently deliberating whether the president has the authority to impose tariffs without Congressional approval, citing his overarching emergency powers. Recently, the justices appeared doubtful about this authority. A crucial moment arose when Justice Neil Gorsuch pointed out that these emergency powers could also be applied to impose tariffs for other issues, like addressing climate change.
Regardless of your feelings toward Trump, if he can impose tariffs under those pretenses, it raises concerns about what future Democratic leaders might do.
Regarding Trump’s recent announcement about sending $2,000 to every American, it sounds generous. But when can we expect those checks? Well, don’t get too hopeful. Treasury Secretary Scott Bessent mentioned that these payments may not be straightforward.
Herein lies the issue: while it’s appealing to think everyone will get a $2,000 check, recall that the revenue from tariffs ultimately falls on all of us.
Tariffs are essentially taxes on American citizens. They aren’t paid by foreign governments. Instead, the costs incurred from tariffs are shouldered by the importers. Whether it’s on a vehicle from Japan or sugar from South America, the person purchasing these items ends up paying the added costs. The revenues collected for tariffs come directly from American consumers.
Considering this angle, the notion that we might receive some of that revenue in the form of checks seems a bit absurd. Customs duties lead to higher prices for consumers. It might be smarter to, say, skip the checks altogether, eliminate tariffs, and see prices fall instead.
If conservatives are being honest, they understand that a strong economy thrives with increased federal intervention. This isn’t exactly aligned with traditional conservative views but leans more towards a socialized approach that relies on heavy regulation, price controls, and taxation. Tariffs are a form of taxation, a fact acknowledged by conservatives and the Supreme Court alike.
So, for that proposed $2,000 check, I appreciate the thought, Mr. President, but I’d prefer the removal of tariffs and tax cuts to let the market flourish.
