According to insiders, the U.S. Republican presidential candidate proposed an ‘all tariff policy’ during a meeting with Republican lawmakers. This policy suggests replacing ‘income tax’ with ’tariffs,’ meaning revenue would come from imported goods instead of income taxes. If elected, he might adopt more aggressive trade protection measures. Revenue from tariffs for the U.S. federal government has increased, but it still accounts for a small proportion compared to income taxes. Analysts warn that higher tariffs would lead to higher consumer prices, impacting low- and middle-income Americans. The candidate also promised tax cuts and business regulation relaxations to CEOs.
