President Donald Trump has repeatedly floated the idea of , but don’t expect that money to arrive before the holidays.

Trump said Friday that people would receive the payments next year. Treasury Department data shows the U.S. collected $195 billion in total tariff revenue in the fiscal year that ended in September — a figure that includes money collected both before Trump returned to office and before his April “Liberation Day,” when he imposed sweeping new tariffs. It remains unclear how much of that revenue could realistically be used for direct payments.

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There are also major questions about how such a plan would work. In an interview with Fox News on Sunday, Treasury Secretary Scott Bessent said not everyone would qualify for the proposed $2,000. He said the payments

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