Trump floats 'all tariff policy' to replace income tax, sources say

Trump also talked about using tariffs to leverage negotiating power over bad actors, a source told CNBC.

FrankLin FrankLin
Jun 13, 2024 - 21:12
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Trump floats 'all tariff policy' to replace income tax, sources say

Republican presidential candidate, former U.S. President Donald Trump speaks during his campaign rally at Sunset Park on June 09, 2024 in Las Vegas, Nevada. 

Brandon Bell | Getty Images

Donald Trump on Thursday discussed the idea of imposing an "all tariff policy" that would ultimately enable the U.S. to get rid of the income tax, sources in a private meeting with the Republican presidential candidate told CNBC.

Trump, in the meeting with GOP lawmakers at the Capitol Hill Club in Washington, D.C., also talked about using tariffs to leverage negotiating power over bad actors, according to another source in the room.

The remarks show Trump, who championed tariffs as a foreign policy multi-tool during his first term in office, is considering a drastically more protectionist trade agenda if he defeats President Joe Biden in November.

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