Economist Peter Schiff issued a stark warning against President Donald Trump‘s proposal for a “$2,000-per-person tariff dividend,” arguing the plan is economically self-defeating and would “defeat the very purpose of the tariffs.”
Tariff Dividends ‘Defeats’ The Purpose Of Levying Duties
In a post on the X platform on Monday, Schiff, the chief economist & global strategist at Europac.com, contended that the total cost of the proposed dividends would “exceed tariff revenue.”
He further argued that instead of bolstering the U.S. economy, the payouts would lead to an increased trade deficit.
“Consumers will use the extra income to buy more expensive imports, despite the tariffs,” Schiff wrote, concluding this would “[increase] our trade deficit.”
Every American Will Receive ‘At Least’ $2,000 From Tariffs
The criticism came in response to President Trump’s Nov. 9 social media post calling tariff opponents “FOOLS!” and touting a “Record Stock Market Price.”
Trump claimed the U.S. is “taking in Trillions of Dollars” from levies, which would be used to “pay down our ENORMOUS DEBT” and fund the “dividend …
Full story available on Benzinga.com
Economist Peter Schiff issued a stark warning against President Donald Trump‘s proposal for a “$2,000-per-person tariff dividend,” arguing the plan is economically self-defeating and would “defeat the very purpose of the tariffs.”
Tariff Dividends ‘Defeats’ The Purpose Of Levying Duties
In a post on the X platform on Monday, Schiff, the chief economist & global strategist at Europac.com, contended that the total cost of the proposed dividends would “exceed tariff revenue.”
He further argued that instead of bolstering the U.S. economy, the payouts would lead to an increased trade deficit.
“Consumers will use the extra income to buy more expensive imports, despite the tariffs,” Schiff wrote, concluding this would “[increase] our trade deficit.”
Every American Will Receive ‘At Least’ $2,000 From Tariffs
The criticism came in response to President Trump’s Nov. 9 social media post calling tariff opponents “FOOLS!” and touting a “Record Stock Market Price.”
Trump claimed the U.S. is “taking in Trillions of Dollars” from levies, which would be used to “pay down our ENORMOUS DEBT” and fund the “dividend …
Full story available on Benzinga.com
Economist Peter Schiff issued a stark warning against President Donald Trump‘s proposal for a “$2,000-per-person tariff dividend,” arguing the plan is economically self-defeating and would “defeat the very purpose of the tariffs.”
Tariff Dividends ‘Defeats’ The Purpose Of Levying Duties
In a post on the X platform on Monday, Schiff, the chief economist & global strategist at Europac.com, contended that the total cost of the proposed dividends would “exceed tariff revenue.”
He further argued that instead of bolstering the U.S. economy, the payouts would lead to an increased trade deficit.
“Consumers will use the extra income to buy more expensive imports, despite the tariffs,” Schiff wrote, concluding this would “[increase] our trade deficit.”
If Congress passes $2K-per-person “tariff dividends” (excluding the rich), the dividends will exceed tariff revenue. Consumers will use the extra income to buy more expensive imports, despite the tariffs, increasing our trade deficit which defeats the very purpose of the tariffs.
— Peter Schiff (@PeterSchiff) November 10, 2025
Every American Will Receive ‘At Least’ $2,000 From Tariffs
The criticism came in response to President Trump’s Nov. 9 social media post calling tariff opponents “FOOLS!” and touting a “Record Stock Market Price.”
Trump claimed the U.S. is “taking in Trillions of Dollars” from levies, which would be used to “pay down our ENORMOUS DEBT” and fund the “dividend …Full story available on Benzinga.com Read MoreAAPL, Equities, Government, Macro Economic Events, News, QCOM, QQQ, Regulations, SPY, Futures, Econ #s, Economics, Markets, SPY, US78462F1030, AAPL, US0378331005, QCOM, US7475251036, QQQ, US73935A1043, News, Equities, Government, Regulations, Macro Economic Events, Futures, Econ #s, Economics, Markets, Benzinga Markets
