RT International The US president insists his trade policy could generate billions in revenue
US President Donald Trump has suggested that revenue from his so-called “Liberation Day” tariffs could potentially replace the federal income tax.
This month, Trump announced “reciprocal” tariffs on nearly 90 countries, citing what he described as unfair trade practices. Following a sharp global market decline, he declared a 90-day pause on the duties, reducing them to a 10% baseline. China was one of the few exceptions, with tariffs on its goods raised even further.
Speaking to Fox News’ Rachel Campos-Duffy on Tuesday, Trump was asked whether his tariffs could eventually replace the income tax.
…
Read Full Article Here…(rt.com)
Home | Caravan to Midnight (zutalk.com)
Live Stream + Chat (zutalk.com)
