Donald Trump confirmed his long-promised $2,000 tariff dividend checks won’t arrive this holiday season but will instead roll out in 2026, aligning with the midterm elections and drawing scrutiny over both timing and legality.

Speaking to reporters aboard Air Force One over the weekend, Trump said the payments would be delayed until next year, citing tariff revenues as the funding source.

“It will be next year,” Trump said, according to the New York Post. “The tariffs allow us to give a dividend. We’re going to do a dividend, and we’re also going to be reducing debt.”

The announcement dashed hopes among Americans who had anticipated financial relief ahead of the Christmas shopping season.

Instead, the checks are now expected to land during a politically sensitive window—just as the 2026 midterms heat up.

The Truth Social post that introduced the plan on November 9 painted a rosy economic picture and promised widespread payouts.

However, the plan faces serious legal and logistical hurdles.

Treasury Secretary Scott Bessent told Fox News on Sunday morning (November 16) that the proposal would require congressional approval. “We will see,” Bessent said. “We need legislation for that.”

Adding to the uncertainty, the Supreme Court is now reviewing whether Trump’s use of emergency powers to impose broad tariffs is constitutional. That legal challenge could dismantle the entire foundation of the dividend scheme, which depends entirely on revenue from imported goods.

Trump acknowledged the risk during his Air Force One remarks, admitting he would “have to do something else” if the high court strikes down his tariff authority.

Unlike the COVID-era stimulus checks, which were funded through federal borrowing, Trump’s plan banks solely on tariff income.

Critics have questioned whether that revenue stream can realistically support $2,000 payments to most Americans while also reducing the national debt.

The timing of the checks—set to arrive just as voters head to the polls—has drawn attention from political analysts who see the move as a calculated effort to sway public opinion during a critical election cycle.