Trump: Tariffs Could Replace Income Taxes and Lift Burden Off Americans

During his address, President Donald Trump said he believes tariffs paid by foreign countries could eventually “substantially replace” the modern-day income tax system. Trump argued that such a shift would reduce the financial burden on American citizens and revive what he described as a past revenue model that relied more heavily on trade duties. The comments reflect his long-standing support for tariffs as both a trade enforcement tool and a potential revenue source.