December 26, 2024

Republican presidential candidate and former US President Trump speaks at a campaign rally in Sunset Park in Las Vegas, Nevada on June 9, 2024.

Brandon Bell | Getty Images

Donald Trump on Thursday floated the idea of ​​implementing a “comprehensive tariff policy” that would eventually allow the United States to eliminate income taxes, sources told CNBC in private meetings with the Republican presidential nominee.

Trump also talked about using tariffs to leverage negotiating power against bad actors during a meeting with Republican lawmakers at the Capitol Hill Club in Washington, D.C., according to another source in the room.

The comments suggest Trump, who championed tariffs as a versatile foreign policy tool during his first term, is considering a more protectionist trade agenda if he defeats President Joe Biden in November.

A spokesman for the Trump campaign did not immediately respond to CNBC’s request for comment.

Trump walks through Capitol Hill to meet Republican lawmakers and business leaders It was his first return to the region since Jan. 6, 2021, when the then-President urged his supporters to march to the U.S. Capitol to protest his 2020 loss to Biden.

Trump was later impeached in the House for inciting a violent mob to storm the Capitol and temporarily interrupt the peaceful transfer of presidential power.

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