"When Tariffs cut in, many people's Income Taxes will be substantially reduced, maybe even completely eliminated. Focus will be on people making less than US$200,000 a year," Trump said Sunday on his Truth Social network.
President Donald Trump suggested Sunday that his sweeping tariffs would help him reduce income taxes for people making less than US$200,000 ($263,107) a year, as public anxiety rises over his economic agenda.
Trump has previously argued that tariff revenue could replace income taxes, though economists have questioned those claims.
