Economists have been skeptical of whether revenue from tariffs could actually offset income tax for Americans, despite President Donald Trump repeatedly saying it will.

US President Donald Trump has made a bold claim that revenue from tariffs could end income taxes for several Americans. The idea of replacing income taxes with tariff revenue is not new, but Trump's proposal has brought it to the forefront of the national conversation.

In a historic financial shift, the U.S. government witnessed a significant increase in customs revenue in April, largely due to the tariffs introduced by President Donald Trump.