In potentially at least, one of the largest payouts in U.S. history, on Sunday November 9th,

President Trump announced this plan to take the huge amount of money that's been collected from

tariffs and use that money to send $2,000 checks to most American households, meaning that as long

as you are not a super high income earner, you stand to get a piece of the

nearly $200 billion collected in tariffs. But there's more to it, both in terms of who might

qualify, as well as whether the U.S. Supreme Court, as well as the U.S. Congress, will actually

allow this plan to happen. And so let me briefly give you the history of the situation,

as well as the different factors that will determine whether you will get a $2,000 check or not.

Now, to start with, on April 2nd of this year, President Trump declared Liberation Day.

In a speech, he announced that the U.S. was basically being liberated from unfair trade agreements with countries around the whole world.

Take a listen.

This is one of the most important days, in my opinion, American history.

It's our Declaration of Economic Independence.

My fellow Americans, this is Liberation Day.

April 2nd, 2025 will forever be remembered as the day American industry was reborn,

the day America's destiny was reclaimed, and the day that we began to make America wealthy again.

Also, on that very same day, President Trump signed into effect the very consequential executive order 14257.

That order, it declared a national emergency over the US trade deficit,

and it invoked authority under the International Emergency

Economic Powers Act to impose sweeping tariffs on most foreign imports. And so immediately,

almost every country was hit with a 10% tariff, baseline tariff, followed up by country-specific

tariffs, which went all the way up to 50%.

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