President Trump began his second term with a trade war, and the sentiment among US workers has been anything but great. Last week, however, the president surprised his cabinet and introduced a new idea: sending out a $2,000 “dividend” check to Americans. Using revenue from the trade war, Trump is proposing the influx of money be put into people’s pockets as well as “lower our debt.”
What’s old is new. This isn’t the first time the president has floated sending out checks, and the idea faces countless hurdles were it ever to become law. However, one thing remains certain: sending out tariffTariffs are taxes imposed by one country on goods imported from another country. Tariffs are trade barriers that raise prices, reduce available quantities of goods and services for US businesses and consumers, and create an economic burden on foreign exporters. rebates does not provide a long-term solution for families, but ending the trade war would.
This is a preview of our full op-ed originally published in Daily News.
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