President Trump has said most Americans can expect to get a “dividend” from tariffs of $2,000 or more, as the levies generate a surge in revenue.
That payoff could come in the form of the tax cuts laid out in the economic policy bill passed earlier in 2025, Treasury Secretary Scott Bessent suggested.
On Sunday, Trump took to social media to say: “A dividend of at least $2,000 a person (not including high income people!) will be paid to everyone,” in a post that began: “People that are against Tariffs are FOOLS!”
The comments follow Trump’s back-and-forth with reporters on Thursday in the Oval Office, where he acknowledged that US consumers are “paying something” for tariffs.
It was among the first acknowledgments from Trump that US consumers are footing at least some of the bill for his tariff regime, the bulk of which is facing a looming verdict from the Supreme Court.
In a closely watched case, a majority of the justices — both the court’s three liberal-leaning justices, as well as three more conservative ones — offered skeptical questions regarding the president’s authority to impose his most sweeping duties. If the Supreme Court does not side with Trump, it’s widely expected that the administration will seek out alternative methods to carry out the US’s trade agenda.
Read more: What Trump’s tariffs mean for the economy and your wallet
President Trump said that “at some point,” he would reduce the tariff rate on Indian goods, and that the US was getting “close” to a trade deal with New Delhi.
Switzerland is also close to securing a 15% tariff on its exports to the US. According to people familiar with the matter, a deal may be concluded within the next two weeks.
China is planning to ease the flow of rare earths and other restricted materials in a bid to exclude companies which have connections to the US military, according to a report in the Wall Street Journal. (Read more: What are rare earth minerals, and why are they important?)
That development comes weeks after the US and China reached a trade truce. The thaw means China will suspend additional export controls on rare earth metals and end investigations into US chip companies. Meanwhile, the US will pause some of Trump’s “reciprocal tariffs” on China for another year.
LIVE 36 updates
Tue, November 11, 2025 at 11:00 PM UTC
Swiss billionaires pivotal in wooing Trump ahead of tariff deal
Bloomberg reports:
Read more here.
Tue, November 11, 2025 at 6:58 PM UTC
Mexico imposes hefty tariffs on sugar
Bloomberg reports:
Read more here.
Tue, November 11, 2025 at 10:39 AM UTC
China hatches plan to keep US military from getting its rare-earth magnets
China is planning to ease the flow of rare earths and other restricted materials in a bid to exclude companies which have connections to the US military, according to a report in the Wall Street Journal.
The Wall Street Journal reports:
Read more here.
Tue, November 11, 2025 at 10:36 AM UTC
Switzerland moves close to securing improved 15% tariff deal
Bloomberg News reports:
Read more here.
Tue, November 11, 2025 at 5:31 AM UTC
Italian pasta companies face levies of more than 100% on their products imported to the US
Pasta made in Italy may soon be unavailable in the US, as duties imposed by the Trump administration make the cost of doing business prohibitive for the pasta manufacturers, The Wall Street Journal reports.
Earlier this year, the Commerce Department slapped a 92% anti-dumping duty on the 13 Italian companies that import most of the country’s pasta to the US. The administration claims the companies were selling pasta at unfairly low prices, known as dumping, between July 2023 and June 2024.
The anti-dumping penalty is on top of President Donald Trump’s 15% tariff on goods imported from European Union countries, for a total levy of 107% on Italian pasta. Rome has vowed to fight the tariffs, and the WSJ notes that the one-two tariff punch on Italian pasta is one of the steepest on any single product.
Read more here.
Tue, November 11, 2025 at 1:30 AM UTC
Trump says US getting ‘pretty close’ to trade deal with India
Bloomberg reports:
Read more here.
Mon, November 10, 2025 at 9:30 PM UTC
Switzerland closer to securing improved tariff deal
Switzerland is in negotiations for a new trade and tariff deal with the United States. The emerging deal would represent a significant improvement, given that the country was subject to a higher tariff rate than most of its international peers.
Bloomberg reports:
Read more here.
Mon, November 10, 2025 at 4:28 PM UTC
European business braces for greater impact from US tariffs in 2026
Reuters reports:
Read more here.
Mon, November 10, 2025 at 12:01 PM UTC
Bessent says Trump’s $2,000 ‘dividend’ may come via tax cuts
President Trump has said his sweeping tariffs will produce a hefty dollar “dividend” for Americans, as he mocked critics of his trade policy.
“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” Trump said in a post to Truth Social on Sunday that began: “People that are against Tariffs are FOOLS!”
Trump pointed to the boost to US coffers from levies so far, plus the record-setting run in stocks, as reasons to believe in tariffs.
Asked by ABC about the comments, Treasury Secretary Scott Bessent focused on the long-term goal of tariffs — boosting investment in the US — rather than the short-term surge of revenue generated.
Bloomberg reports:
Read more here.
Mon, November 10, 2025 at 9:58 AM UTC
US, China shelve shipping probes as tensions ease
Bloomberg reports:
The US and China suspended port fees on each other’s ships for one year and paused probes into maritime practices, in another sign of easing tensions between the world’s two largest economies.
The Trump administration paused a probe into China’s shipbuilding industry, and in turn, Beijing said it was shelving its own investigation and putting off special port fees on US vessels.
China also said that it put on hold sanctions on US units of a major South Korean shipbuilder, Hanwha Ocean Co. (042660.KS).
The stand-down in tensions over maritime issues tallies with a rapprochement in the broader confrontation between Washington and Beijing after a summit between the countries’ leaders. While shipping is not among the highest-profile issues, most global trade is carried by sea and the industry is a cornerstone of global commerce. Still, analysts cautioned that risks remained.
“As long as the suspension remains, the potential risk to upend global shipping remains,” said Jayendu Krishna, a director at Drewry Maritime Services, which advises shipping companies on business strategies.
Read more here.
Sun, November 9, 2025 at 3:18 PM UTC
Honda’s profit slips as Trump’s tariffs take a toll on Japan automakers
The AP reports
Read more here.
Sat, November 8, 2025 at 7:43 PM UTC
Treasury official warns of ‘pain and hardship’ if SCOTUS rules against Trump’s tariffs
The Trump administration is warning that if the Supreme Court were to dismantle President Trump’s tariffs, it would cause “unnecessary economic pain and hardship,” damaging financial markets and confidence.
“To the extent that the policy would be reversed or watered down, that would damage financial markets,” Counselor to the Treasury Secretary Joe Lavorgna said this week in an interview with Yahoo Finance. “You’ve seen record high equity markets, record low credit spreads. You’ve seen commitments by all different countries and companies to invest in the US.”
“It would damage confidence. The economic system — capitalism — works on confidence,” he added.
While economists acknowledge it could lead to greater uncertainty, they and others say the impact of a ruling against Trump could have other impacts — including positive ones.
Read more here.
Sat, November 8, 2025 at 7:25 PM UTC
Tariffs take a toll on New York’s Indian food
Indian food and restaurants have become a favourite among New Yorkers, especially traders and executives on Wall Street, outshining their London rivals, but they now face the pain of President Trump’s tariffs.
The duties that Trump imposed on India back in July, due to New Delhi’s purchase of Russian oil has doubled the rate on most exports from the country and Indian restaurants have taken a hit.
Bloomberg News reports:
Read more here.
Sat, November 8, 2025 at 2:06 PM UTC
How new US tariff doubts will play out among trade partners
Businesses paying higher duties due to President Trump’s tariffs, alongside trading partners that have signed trade deals and still in negotiations, will now face months of uncertainty while they wait for a verdict from the Supreme Court, whi heard arguments this week on the legality of Trump’s tariffs.
If the Supreme Court rules against Trump’s tariff agenda, how will this impact global economies?
Bloomberg News reports:
Read more here.
Fri, November 7, 2025 at 4:20 PM UTC
Swiss finance minister says tariff deal with US depends on Trump
Switzerland’s Finance Minister Karin Keller-Sutter said on Thursday that they are keen to secure a trade agreement with the US and that talks are ongoing. But the minister acknowledged that much of the final decision lies with President Trump.
Reuters reports:
Read more here.
Fri, November 7, 2025 at 10:38 AM UTC
Nvidia CEO: No ‘active discussions’ on selling Blackwell chip to China
Reuters reports:
Read more here.
Fri, November 7, 2025 at 9:53 AM UTC
US to block Nvidia’s sale of scaled-down AI chips to China, The Information reports
Reuters reports:
Read more here.
Fri, November 7, 2025 at 9:51 AM UTC
Trump acknowledges Americans are paying ‘something’ for tariffs
President Trump acknowledged Americans are paying “something” for tariffs during a back-and-forth with reporters on Thursday in the Oval Office.
The US president has imposed tariffs on many US trading partners, from China to Canada. He frequently says that those tariffs are helping to boost the US economy, whereas economists largely agree that they are simply a tax on consumers.
This week, the US Supreme Court met to hear arguments on the legality of Trump’s tariffs and whether the president overstepped his authority. During discussions on Thursday, one reporter noted the comments from Chief Justice John Roberts, who said that tariffs were actually taxes paid by Americans.
Reuters reports:
Read more here.
Fri, November 7, 2025 at 6:30 AM UTC
Supreme Court ruling against tariffs would cause ‘unnecessary pain,’ Bessent adviser says
Joseph LaVorgna, an adviser to US Treasury Secretary Scott Bessent, joined Yahoo Finance Senior Reporter Jennifer Schonberger to discuss the Trump administration’s arguments and what happens if the court knocks down the tariffs.
Watch below:
Fri, November 7, 2025 at 1:30 AM UTC
Trump plans one-year pause on port crane duties, China ship fees
Bloomberg reports:
Read more here.
