President Donald Trump is once again shaking up the system — this time with a bold promise that could put real money back in the pockets of everyday Americans.
In an early morning post on Truth Social this Sunday, President Trump shared his vision for how his tariff policies could directly benefit workers, especially those making under $200,000 a year.
“When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated,” Trump posted at 6:06 a.m. “Focus will be on people making less than $200,000 a year.”
Trump didn’t stop there. He painted a bigger picture of the economic boom he believes is already underway:
“Also, massive numbers of jobs are already being created, with new plants and factories currently being built or planned. It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS HAPPENING!!!”
The “External Revenue Service” idea is something Trump has floated before — the concept being that America can fund much of its operations through revenue collected from tariffs on foreign goods, rather than taxing its own citizens so heavily. In this post, Trump seems to be signaling that with tariffs kicking into high gear, the need for income taxes, at least for working and middle-class Americans, could shrink dramatically — or even disappear entirely.
Of course, Trump’s tariff strategy hasn’t come without pushback. Critics, particularly from the establishment and Wall Street, have been quick to label his approach a “trade war,” claiming it could cause higher prices for American consumers and add instability to financial markets.
But Trump has remained undeterred. On April 2, he officially imposed a wide-ranging set of tariffs targeting goods from around the globe. Nearly all imports to the U.S. were hit with a 10 percent tariff, while some countries were targeted even harder:
- Goods from India faced a 26 percent tariff,
- China, seen as the biggest offender, was hit hardest with a massive 145 percent levy.
Still, the Trump administration has shown it’s willing to adjust tactics when necessary. After the initial shock, the White House hit the brakes on some fronts:
- A 90-day pause was placed on certain reciprocal tariffs,
- Negotiations began with dozens of countries seeking to strike better trade deals with the U.S.,
- The lion’s share of tariff pressure remained firmly focused on China, which Trump and his team argue has long abused U.S. trade practices.
In the weeks since the tariffs were announced, the U.S. stock and bond markets have been on a rollercoaster ride. Wall Street seems to hang on every comment from Trump and Treasury Secretary Scott Bessent, watching for any new hints about the future of trade policy.
The bond market, which helps fund America’s national debt, has been especially sensitive. Some financial analysts have speculated that these jitters may have played a role in the administration’s decision to slightly soften parts of the tariff plan.
Despite the noise from critics and the ups and downs of the stock market, Trump’s bigger message is clear: he’s working to bring jobs back home, rebuild American manufacturing, and shift the burden of government funding off the shoulders of working families.
Instead of relying on taxing American paychecks, Trump’s vision is to make countries that benefit from U.S. trade opportunities — many of whom have taken advantage of America’s generosity for decades — finally pay their fair share.
With new factories and plants popping up, and the promise of lower taxes for millions, Trump’s economic gamble could be setting the stage for a new era of American prosperity.
As Trump put it:
“It will be a BONANZA FOR AMERICA!!!”
