And that’s especially true if the tariffs are illegal.
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It’s been a chaotic few days for President Donald Trump’s tariff policies, but one thing remains very true: Tariffs are not going to offset the federal income tax anytime soon.
“As time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern-day system of income tax,” Trump said during Tuesday night’s State of the Union address.
