Trump Floats Tariff Hikes to Offset Some Income Tax Cuts
- Trump spoke with Republicans on Capitol Hill Thursday
- US brings in much more money from income taxes than tariffs
Donald Trump following a meeting with Senate Republicans at the National Republican Senatorial Committee office in Washington, DC on June 13.
Photographer: Al Drago/BloombergThis article is for subscribers only.
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Donald Trump floated the idea of using tariff hikes as a way to pay for some income tax cuts, a move that would inject uncertainty into global trade and consumer prices as Congress debates a tax code overhaul next year.