Trump Proposes Tariff Hikes to Offset Income Tax Cuts

Donald Trump has proposed using tariff hikes as a means to offset some income tax cuts, introducing potential uncertainty into global trade and consumer prices. In meetings with GOP lawmakers, Trump discussed an 'all tariff policy' to possibly eliminate income tax, aiming for a more protectionist trade approach if he wins the presidency. This shift from income tax to tariffs could disproportionately impact low and middle-income Americans, sparking concerns from experts and commentators about its potential consequences on different socioeconomic groups and the broader economy.