But Yellen during an appearance on ABC's “This Week” immediately rejected the potential economic plan. “Donald Trump floated an idea of replacing all federal income taxes with high tariffs ...

The U.S. Republican president’s tendency to levy extremely high import taxes ... backs down. Trump was visibly offended when asked about the phrase Wednesday and rejected the idea that he ...

The idea may sound appealing, but economists who spoke to USA TODAY say Trump's tariffs would struggle to raise enough money to eliminate income taxes in full. Start the day smarter. Get all the ...

Former Treasury Secretary Janet Yellen weighed in on the Trump administration’s ... taxes were larger than anticipated. The Fed chief and his colleagues had warned for months that additional ...

Donald Trump's second term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive ... to debunk this idea, releasing what it claimed ...