In a significant policy shift, U.S. leaders are signaling interest in reducing reliance on federal income taxes and expanding tariff-based revenue. The proposal suggests that import duties could become a major source of government funding, aiming to protect domestic industries while simplifying the tax burden on citizens.
Analysts note that the transition would mark one of the biggest structural changes in America’s fiscal system in decades, with potential impacts on consumer prices, trade relations, and global markets.
The plan is still under review, and officials say detailed frameworks will be released in the coming months.
