On Sunday, U.S. President Donald Trump said that the broad tariffs he imposed could help him reduce income taxes for individuals earning less than $200,000 a year, amid rising public concern about his economic agenda.

Trump had previously argued that the revenue from tariffs could replace income taxes, although economists have questioned these claims, according to Bloomberg.

On Sunday, Trump said on his social network "Truth Social": "When the tariffs go into effect, income taxes for many people will be significantly reduced, and may even be eliminated entirely. The focus will shift to those earning less than $200,000 a year."

In just a few weeks, the tariffs imposed by Trump have disrupted the global economy, raised concerns about rising prices for Americans, and sparked warnings that his policies could lead to an economic recession.

A poll conducted by CBS News and published on Sunday showed that 69% of Americans believe the Trump administration has not been focusing enough on lowering prices. The approval rating for Trump's handling of the economy also dropped to 42% in the poll, down from 51% in early March.

Trump wants to extend the income tax cuts that were enacted in 2017 during his first presidential term, which are set to expire by the end of.