Part 5/13:
In 2025, the U.S. is on course to collect nearly $300 billion in tariff revenue—an all-time high—thanks to tariffs imposed on China, Mexico, Europe, and other trading partners. These tariffs are replacing the old income tax system, creating what Trump calls America’s “self-funding engine,” where foreign nations foot a significant part of the bill through trade. This strategy effectively weakens the IRS’s grip on American wallets, allowing the nation to fund itself independently.