Donald Trump discussed imposing an "all tariff policy" that would eliminate the need for income tax in the US and replace it with tariffs on imports in a private meeting on Thursday. He believes tariffs could be used as a negotiating tactic to leverage power over countries viewed as "bad actors." Donald Trump is considering a more protectionist trade policy if he wins the election. Critics argue a tariff-based system would disproportionately impact lower and middle-income Americans through higher costs of imported goods. Trump's comments came during a meeting with Republican lawmakers on Capitol Hill, his first return since the Jan 6th 2021 insurrection.
Category
đź—ž
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:02Donald Trump discussed the idea of imposing an all-tariff policy that would eliminate
00:06the need for income tax in the United States and replace it with tariffs on imports in
00:11a private meeting on Thursday.
00:13He believes tariffs could be used as a negotiating tactic to leverage power over countries viewed
00:17as bad actors.
00:19Donald Trump is considering a more protectionist trade policy if he wins the election.
00:23Critics argue a tariff-based system would disproportionately impact lower and middle-income
00:28Americans through higher costs of imported goods.
00:31Trump's comments came during a meeting with Republican lawmakers on Capitol Hill, his
00:35first return since the January 6, 2021, insurrection.
00:38For all things money, visit Benzinga.com.