President Donald Trump said there was a “real chance” tariff in an interview with Fox News’ Rachel Campos Duffy on Tuesday Exchange income tax.
“There’s a real opportunity,” Trump said. “Money from tariffs can get so big that it replaces it. You know that in the past, from 1870 to 1913, tariffs were the only form of money. And that was when our country was relatively wealthy.
The full interview with Trump will air on Fox Noticias on Tuesday at 4pm. In an interview, the president said there was a committee formed in the 1880s to “get rid of money.”
“And the sole purpose of this committee was to dispose of it. Who should we give it to, what will we do? And, brilliantly, in 1913 they went to the income tax system. Around 1931 or 1932 they tried to get the tariffs back, but it was too late.” “And they loved to blame Great Fear Presion’s tariffs. But Great Fear Presion came before they put it in.”
US President Donald Trump will speak at the Cabinet meeting at the White House on April 10, 2025 in Washington, DC. (Anna Money Maker/Getty Images)
Donald Trump’s allies, supporters and donors are led by Elon Musk and push to end the tariff war.
The president was also asked how much money he had made from tariffs.
“Borrowing a year, billions and billions, billions, billions. Before it drops a little bit, that’s because it’s a transition. You need a little bit of flexibility.
The president also said in an interview that he was open to sending violent American criminals to prisons in El Salvador.
“He made it a very safe place,” Trump said of El Salvador President Naive Buquere. He welcomed him to the White House on Monday. “People go and they feel very safe and safe. He also builds other prisons as well as other prisons. It’s a very large prison and we use his system.
President Donald Trump is sitting for an interview with Fox Noticias’ Rachel Campos Duffy. (Fox News)
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When asked by Duffy whether prisons could be used for “our own violent criminals,” Trump replied that it was possible and said it could be carried out for what he called “homemade” criminals.
Trump has suspended for 90 days It was a sudden change after he told them he wouldn’t pause on mutually customized tariffs he imposed on dozens of countries on Wednesday, then told them they would just negotiate. At the same time, the Trump administration raised the ante on China’s tariffs to 125%.
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Officials say administrations, including Trump, are jumping into negotiations with foreign countries to attack deals that are beneficial to the United States and lower the country’s chronic trade deficit. Tariffs are shaking the market, Possibility of a recession.
Emma Colton and David Lutz of Fox News contributed to this report.
