Donald Trump discussed the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax, sources told CNBC.
He also talked about using tariffs to leverage negotiating power over bad actors, according to another source in the room.
Trump championed tariffs during his first term in the White House.
Donald Trump on Thursday brought up the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax, sources in a private meeting with the Republican presidential candidate told CNBC.
Trump, in the meeting with GOP lawmakers at the Capitol Hill Club in Washington, D.C., also talked about using tariffs to leverage negotiating power over bad actors, according to another source in the room.
The remarks show Trump, who championed tariffs as a foreign policy multi-tool during his first term in office, is considering a drastically more protectionist trade agenda if he defeats President Joe Biden in November.
Spokespeople for Trump’s campaign did not immediately respond to CNBC’s requests for comment. Trump in a TS post later Thursday morning said there was “lots discussed, all positive” in the meeting, without providing any more details.
Trump’s remark about replacing income taxes with tariffs quickly drew critics.
https://www.cnbc.com/2024/06/13/trump-all-tariff-policy-to-replace-income-tax.html