Trump proposes replacing income tax with an all-tariff policy

The Biden administration is pushing back against former President Trump’s plan to replace income taxes with tariffs. Meanwhile, US Treasury Secretary Janet Yellen has warned that the tariffs could make life even more unaffordable for American consumers. Yahoo Finance’s Rick Newman reports more on the differences between Biden and Trump’s tariff agendas and how they may impact consumers’ cost of living.. #youtube #Trump #stocks About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at - Download the Yahoo Finance app on Apple () or Android () - Follow Yahoo Finance on social: X: Instagram: TikTok: @yahoofinance?lang=en Facebook: LinkedIn: