A bold new proposal from the U.S. President has sent ripple effects through global markets: eliminating federal income tax and replacing it with a tariff-based revenue system focused on imported goods.
If implemented, it would be one of the most dramatic overhauls to America’s financial structure in modern history — and markets are already reacting. ⚡
What the plan proposes:
✔️ No federal income tax taken from paychecks
✔️ Higher take-home pay for workers
✔️ Government revenue powered primarily by import tariffs
Economists caution about potential risks:
⚠️ Increased prices on imported goods
⚠️ Possible trade retaliation from international partners
⚠️ Added pressure on global supply chains
Supporters argue it could fuel an economic surge:
🔥 Stronger U.S. manufacturing
🔥 Faster economic growth
🔥 Greater consumer spending power
