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Trump Wants to Use Tariffs to Fund Stimulus — Crypto Community Sees Bullish Signal
Trump has unveiled a bold economic proposal: issuing $1,000 to $2,000 “dividend” checks to American taxpayers, directly funded by tariff revenues. The idea, shared during an interview with One America News Network, has stirred excitement in the crypto community, which recalls the 2021 stimulus-fueled crypto bull run.
A “Dividend to the People” from Tariffs
Trump claims that tariffs implemented during his administration are just beginning to “kick in,” estimating they could generate over $1 trillion annually. He suggested the revenue could be used to pay down national debt and distribute funds directly to citizens, calling it a “dividend to the people of America.”
Data from the U.S. Treasury shows $214.9 billion in tariff revenue so far this year, with $31.3 billion collected in September alone. Unlike previous pandemic-era stimulus checks, which were deficit-financed, Trump’s proposal aims to use existing tariff income—a distinction welcomed by some market watchers.
Crypto Traders Draw Parallels to 2021
Crypto influencers like Crypto Patel and Miles Deutscher were quick to react, with Patel calling the plan a “brilliant move” that injects capital “without printing more money.” Deutscher pointed out that stimulus checks in 2021 fueled retail investment in Bitcoin, Ethereum, and meme coins, suggesting a similar wave could occur if the plan is approved.
Legal Hurdles Loom
Despite optimism, legal challenges remain. The Supreme Court is set to review Trump’s tariff authority in November, following lower court rulings deeming parts of it illegal. If struck down, the Treasury could face refund liabilities of up to $1 trillion, potentially jeopardizing the proposed stimulus.
For now, even the possibility of tariff-funded checks is enough to spark speculation of a crypto market rally, as investors reminisce about 2021’s retail-driven surge.
