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President Trump proposed lowering income taxes to offset the impact of the wide-ranging tariffs he imposed, suggesting the possibility of completely eliminating taxes for those earning less than $200,000 annually. He asserted that tariffs would create "great wealth for America" by establishing new factories and job opportunities. His remarks came amid growing concern among Americans that his policies would raise the prices of goods, according to recent surveys. Trump also hinted at the possibility of replacing the income tax with tariffs. While economists doubt that tariffs alone can generate sufficient revenue, Republicans are seeking to support his legislative agenda, particularly the extension of the 2017 tax cuts.