Experts believe Trump would struggle to replace tax revenue with income from tariffs, as the president has recently suggested.

Trump once again hinted at the idea of eliminating the federal income tax and making up for lost revenues with tariffs.

The US’s economic partners are racing to sustain trade volumes in a Donald Trump era by closing new bilateral deals and rerouting supply chains to cope with increased US protectionism. Policymakers and trade experts say countries are turning to a tactic deployed during the US president’s first term in office,