Overview

• 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.