Trump Considers Revolutionary 'All Tariff Policy' to Replace Income Tax. Critics Warn of Potential Impact on Ordinary Americans

2024-06-14 934

Donald Trump discussed imposing an "all tariff policy" that would eliminate the need for income tax in the US and replace it with tariffs on imports in a private meeting on Thursday. He believes tariffs could be used as a negotiating tactic to leverage power over countries viewed as "bad actors." Donald Trump is considering a more protectionist trade policy if he wins the election. Critics argue a tariff-based system would disproportionately impact lower and middle-income Americans through higher costs of imported goods. Trump's comments came during a meeting with Republican lawmakers on Capitol Hill, his first return since the Jan 6th 2021 insurrection.