Trump Seeks to Replace Income Tax System With 10% Global Tariffs
Donald Trump proposed replacing the USA income tax system with global tariff revenue during his State of the Union address after a Supreme Court ruling invalidated his previous trade levies.The plan involves a 10% global tariff that could rise to 15% as Donald Trump seeks to bypass Congress by citing the 1974 Trade Act.While the
EU and other international partners face trade complications,
Donald Trump also called for a ban on stock trading for members of
Congress.