India, Feb. 25 -- In his 2026 State of the Union address, US President Donald Trump made waves by claiming that revenue from tariffs on imports could eventually replace the US income tax system. He presented this as a way to ease the financial burden on American households while strengthening the country's economy and trade position.

Trump emphasised that countries previously taking advantage of the US in trade are now "paying billions" through tariffs, a strategy he says has already fueled economic growth and national security. His bold claims have sparked debate among lawmakers, economists, and the public.

Tariffs Will Replace Income Tax: Trump President Trump boldly stated that tariffs, paid by foreign countries, could one day repl...