#TrumpTaxCuts Trump highlighted that issue before boarding Air Force One on Sunday. The enormous tariff of 145% that the United States imposed on most Chinese products is so astronomically high that trade with China has practically come to a halt. This means that practically no one is paying that tariff; the United States is not generating revenue that could replace income taxes. The idea that tariff revenues could completely replace income taxes is not new. Secretary of Commerce, Howard Lutnick, has reiterated that this was one of the administration's goals.🤓🤑☝🏻