Former US President Donald Trump has proposed a tariff-driven tax overhaul, eliminating income taxes and replacing them with tariffs on imports. The plan aims to protect American jobs and industries while prioritizing economic growth. Critics argue that the proposal could lead to an expansion of the federal deficit by $3 trillion over the next decade, driving up production costs and consumer prices.

Source: https://www.wionews.com/business-economy/donald-trump-advocates-tariff-driven-tax-overhaul-771318