Trump Proposes Replacing Income Tax with Tariffs

In a proposal that could reshape both U.S. tax policy and global trade dynamics, former President Donald Trump has suggested replacing the nation’s income tax system with tariffs. This bold move, made public on September 4, 2025, raises concerns about the impact on international relations and the nation’s economy. Experts debate the feasibility of this drastic transition while analyzing potential implications for global trade, markets stability, and capital flows.