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U.S. Vice President Joe Don Vance predicted that customs duty revenues would serve as a funding source for the promises made by President Trump to pay $5,000 grants to every American adult if the Republican Party maintained its control of both the House and the Senate. The total cost of these payments, which could include around 270 million adults, is estimated to be over one trillion dollars, potentially reaching approximately $1.34 trillion. Vance indicated that the revenues generated from customs duties would help pay down debt and provide financial benefits to Americans, expecting that these promises would be partially financed through import taxes and tariffs. He emphasized that the funds would be spent solely within the United States. Trump did not specify exactly how this financing would be achieved. Additionally, the idea emerged before the midterm elections and is aimed at boosting voter morale by distributing profits from customs duty revenues to citizens.
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