US President Donald Trump Says Tariffs Will Help Lower Taxes
In his latest endorsement of his tariff plan on foreign countries, US President Donald Trump says the tariffs will help lower taxes in the US. Trump held a meeting with his Cabinet on Monday, where he addressed his ongoing tariff plan. Before the meeting, Trump also said he would impose a 25% tariff on any country that buys oil or gas from Venezuela, the latest in a long line of tariffs. JUST IN: President Trump says tariffs will help lower taxes. — Watcher.Guru (@WatcherGuru) March 24, 2025 Trump’s tariff plans have been analyzed and criticized by several experts since he returned to office this past January. While the 47th President claims the tariffs will ultimately benefit the US and taxpayers, many experts suggest it’s not that simple. Trump wants to eliminate income tax for those earning less than $150,000 and replace it with tariff revenue. However, some economic policy experts say there isn’t a big enough tax base for imported goods to completely replace revenue fro...