Trump's Proposed Tariff Plan Faces Economic Criticism
Experts argue that replacing income taxes with tariffs would harm the economy and increase costs for Americans.
- Trump suggests replacing income taxes with tariffs on imports, causing economic concerns.
- Economists warn that the plan could lead to higher consumer prices and a potential trade war.
- Replacing income tax revenue would require tariffs exceeding 60%, which could be unsustainable.
- Middle and lower-class Americans might bear the brunt of increased costs under the proposed plan.
- The proposal could exacerbate national debt and fiscal instability, experts caution.
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