In a televised address on Friday, United States President Donald Trump announced that 1,450,000 military servicemembers will receive a one-time bonus payment of $1,776 each. The funds for these payments will be generated from revenue collected through tariffs.

The President referred to the bonus as a “Warrior Dividend” and stated that the amount was chosen in honor of the year the United States was founded, 1776. This payment is expected to be made before Christmas, according to President Trump.

The bonus is seen as a gesture of appreciation for the servicemembers’ dedication and service to their country. The use of tariff revenues to fund the payments reflects the administration’s efforts to utilize these funds for domestic purposes.

In his address, President Trump also touched on the state of the economy, emphasizing his administration’s commitment to promoting economic growth. He highlighted the importance of a strong economy for the nation’s prosperity and security.

This move is part of the administration’s broader efforts to support the military and veterans. The payment is expected to be a welcome gesture for servicemembers and their families, particularly during the holiday season.

The announcement comes as the administration continues to navigate the complexities of international trade and its impact on the domestic economy. The use of tariff revenues for the “Warrior Dividend” underscores the interconnectedness of trade policy and domestic initiatives.

As the year draws to a close, the administration’s economic policies and their effects on various sectors will likely remain under scrutiny. The “Warrior Dividend” is one aspect of a larger landscape of economic and trade developments that will continue to unfold in the coming months.