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tariff plansCNBC
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76% Informative
Robert Lighthizer is seen as a top prospect for a number of senior roles in a potential second Trump administration.
Trump campaign press secretary: "No policy should be deemed official unless it comes from President Trump directly" Trump campaign stresses tariff ideas should be viewed in concert with his broader plans, which include slashing regulations.
Trump has proposed using tariffs as part of a carrot-and-stick approach to boosting domestic manufacturing.
He has also floated the idea of scrapping the federal income tax altogether, and replacing it with revenues from tariffs.
The Peterson Institute for International Economics says it is "literally impossible for tariffs to fully replace income taxes".
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