President Donald Trump suggested during a Fox Noticias exclusive interview that the revenue from tariffs could eventually be high enough that it could fully replace the income tax.
Trump explained that the ultimate goal — in addition to increasing American production and rebalancing trade relationships with foreign nations — was to bring in enough revenue via tariffs that the income tax would be rendered unnecessary.
WATCH:
.@POTUS: “There is a chance that the money from tariffs could be so great that it would replace” the income tax. pic.twitter.com/SCBIOPD4zZ
— Rapid Response 47 (@RapidResponse47) April 15, 2025
“Will the tariffs replace income tax?” the host bluntly asked.
“You know, you’re the only one that’s asked me that,” Trump remarked. “I deal with all these big financial geniuses, nobody ever asked — there is a chance that the money from tariffs could be so…
