Could Trump’s tariffs replace the income tax? What policy experts say [Video]

As President Donald Trump begins imposing tariffs on imported goods, some experts question his revenue expectations — including the possibility of replacing the federal income tax. 

During his presidential campaign, Trump floated an “all tariff policy” at a June meeting with Republican lawmakers, where he said the plan would allow the U.S. to eliminate income tax.

Some policy experts have been skeptical of the idea.  

“It’s just not a realistic proposal,” said Alex Durante, senior economist at the Tax Foundation, which analyzed the idea in June.  

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While tariffswere a major source of federal revenue during the …