Trump predicts tariffs will replace income tax, despite SCOTUS ruling
Trump further touted his use of tariffs to pressure foreign trade partners into making core concessions during trade negotiations.
President Donald Trump on Tuesday predicted that tariffs would ultimately replace the income tax, despite a recent Supreme Court ruling that struck down the ones he imposed under the International Emergency Economic Powers Act.
"I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern day system of income tax, taking a great financial burden off the people that I love," Trump declared during the State of the Union Address.
Trump further touted his use of tariffs to pressure foreign trade partners into making core concessions during trade negotiations.
"I used these tariffs, took in hundreds of billions of dollars to make great deals for our country, both economically and on a national security basis, everything was working well," he said. "Countries that were ripping us off for decades are now paying us hundreds of billions of dollars. They were ripping us so badly."
Though he did bemoan the recent Supreme Court decision, saying that the justices "got it wrong," he insisted that the other tariffs he could use would ultimately prove more effective.
Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.