President Donald Trump claimed on Sunday that a “dividend of at least $2,000 per person” will be paid to all Americans except high-income individuals, attributing the country’s wealth to his tariff policies.

He called opponents of tariffs “fools” and highlighted record stock market highs, low inflation, and increased 401(k) balances.

Treasury Secretary Scott Bessent, however, said he had not discussed the proposed dividend with Trump and suggested it could take various forms, such as tax reductions on tips, overtime, Social Security, or auto loans.

Trump repeated his claim in both a social media post and an ABC News interview, ABC News has reported.

The announcement leaves details on timing and implementation of the dividend unclear.