Check for millions of people? This mysterious idea of Trump to pay a “dividend” to the Americans (thanks to customs duties)

The American president recently mentioned the idea of paying a “dividend” to the Americans to use the benefits of his protectionist trade policy. In addition, but economists are dubious.

Use the benefits of its protectionist policy to check for millions of American households? In addition, Donald Trump recently mentioned such an initiative, the contours of which remain very mysterious. Meanwhile, “There is so much money that fits. Furthermore, we are thinking about a small discount” for households, even if “what we especially want to do is repay the debt,” the American president said on July 25 at the White House.

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Subsequently, he changed vocabulary and now prefers to speak of “dividend” – the word designates the share of profits donated by a company to its shareholders. “There could be a distribution or a dividend for the inhabitants of our country. I would say for people with average or weak income,” said Donald Trump for example. A republican senator. Josh Hawley, hastened to prepare a bill providing for the sending of checks for an amount of $ 600 per person – adult or dependent child.

“Everything I want” – Check millions people? this mysterious

The American president had already sent checks to tens of millions of Americans during his first mandate. in the context of staunch efforts in the Pandemic of Covid-19. So in the check millions people? this mysterious middle of the presidential campaign. the billionaire had insisted that checks of 1,200 dollars issued in the spring of 2020 by the tax administration bears his name, unheard of in the United States for an in-office.

However, the new 79 -year -old billionaire raises many questions. First, how to finance it? The United States’s public deficit has still dug between October. June, compared to the same period a year earlier, despite an increase in income from customs duties, including Donald Trump and all business partners in the United States. Make household checks widen this deficit. and therefore still increase the American debt, which was established on August 4 to more than $ 36,800 billion.

Then, what exactly money is the President of the American president? When he evokes the benefits of his protectionist policy. Donald Trump is indeed involved in return from customs duties and investment promises made by several foreign savings.

In check millions people? this mysterious an interview with CNBC on Wednesday. asked about this idea of “dividend”, the republican leader gave the example of enormous investments promised by Japan and the European Union, comparing them to the premiums paid when a sportsman signs a new contract. “I can (in) do whatever I want,” he said. Problem: foreign leaders do not have the same reading at all.

Customs duties

The Japanese government. for example, ensures that its promise of investments will come in the form of loans and guarantees, certainly not a transfer of $ 550 billion in cash. Finally, the American president is often reproached by the Democratic opposition for presenting the manna from customs duties. Donald Trump assures that customs taxes are paid by foreign countries.

But many economists argue that it is American consumers who indirectly pay a good part of these customs duties. Customs taxes are paid by importers, for example large distribution check millions people? this mysterious brands, or factories that order spare parts abroad. These companies will pass at least part of the additional cost on the final price of goods. especially if they operate in sectors with low margin, such as retail.