“Tariffs Will Replace Income Taxes” Trump Says Foreign Countries Will Pay, Not Americans

“Tariffs Will Replace Income Taxes” Trump Says Foreign Countries Will Pay, Not Americans In his 2026 State of the Union address, the president didn’t just talk about the border or crime, he went straight after the tax code. “As time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern-day system of income tax, taking a great financial burden off the people that I love.”