politics

Trump's statement emphasizes his belief that tariffs were a significant source of wealth for the United States before the implementation of income tax. He suggests that returning to a tariff-based system could potentially pay off national debt and restore economic prosperity. This perspective aligns with his broader economic policy of using tariffs to protect domestic industries and generate revenue. However, it's important to note that economic experts have pointed out that tariffs can also lead to higher costs for consumers and potential trade conflicts.

There was a reason why tariffs were reduced, and it might be better for him to reconsider it in order to understand the rationale behind it.