US President Donald Trump speaks at a Republican Party midterm election convention at the American Airlines Center in Dallas, Texas, on Wednesday (local time).
US President Donald Trump speaks at a Republican Party midterm election convention at the American Airlines Center in Dallas, Texas, on Wednesday (local time).

US President Donald Trump promised to give every American $5,000 if the Republican Party wins majorities in both the Senate and the House of Representatives in the midterm elections.

Trump made the remarks in a speech at the Republican Party convention at the American Airlines Center in Dallas, Texas, on Wednesday (local time). "Based on our tremendous economic strength and success, we will give a $5,000 dividend to every adult citizen of the United States," he said.

Trump pledged the dividend to every adult American, stressing that the United States is currently "making tremendous amounts of money." He likened the payout to the concept of a "dividend," saying it was "very similar to a successful company distributing cash to its shareholders."

However, he did not lay out specific plans for how the payments would actually be made. He offered no details on how the funds would be raised, who would be eligible, or how the money would be distributed.

In an era when a single remark from Trump can send the global economy and financial markets swinging, keeping up with the flood of Trump news can be exhausting. That is where the "1-Day-1-Trump" newsletter comes in. Starting at 5 a.m. each day, The Herald Business's international desk curates the day's closing US stock market conditions along with the key Trump news likely to move global asset markets, delivering it all in a quick, one-minute read. Just one minute — on your commute, over a solo meal, or before bed. Subscribers can sign up for the "1-Day-1-Trump" newsletter on The Herald Business's website.


kate01@heraldcorp.com