Trump Announces $2,000 Tariff Dividend, Crypto Prices Go Up
Crypto-First21
Updated at: 4 hours ago
{"content":"Trump Announces $2,000 Tariff Dividend, Crypto Prices Go Up
President Donald Trump has announced that he plans to give every American at least $2,000 as a “tariff dividend,” except for high-income earners. He said the money would come from the tariffs the U.S. collects on imported goods, which could also help lower the national debt. Trump said this plan is meant to boost the economy, help families with extra money, support American workers, and keep growth steady with low inflation. After the announcement, cryptocurrency prices went up, with Bitcoin rising about 1.9% to over $103,000 and Ethereum increasing nearly 5%.
Investors think this cash payout could act as a stimulus, putting more money into the economy and encouraging people to invest in risk assets like crypto. Experts warn, however, that this is just a proposal and may face legal and budget issues before it happens. Economists also note that relying too much on tariffs could hurt trade, make goods more expensive, and lead to retaliation from other countries. Still, the news created short-term optimism in the crypto market, showing that digital currencies can react quickly to government policies.
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