The incredible idea behind Trump tariffs: No income tax
- Posted on March 4, 2025
- By Business News Today
- 2 Views

The incredible idea behind Trump tariffs: No income tax

US President Donald Trump proposes replacing income tax with tariffs on imports from countries like Mexico, Canada, and China. Whilst he aims to abolish the Internal Revenue Service and establish the External Revenue Service, experts deem this unrealistic due to the significantly higher modern-day government spending compared to the 19th century when tariffs were a major revenue source.