U.S. President Donald Trump has called for the elimination of the federal income tax, suggesting a return to a tariff-based revenue system reminiscent of the U.S. economic model prior to 1913. The announcement came during a formal address at the Congressional Institute,

The US’s economic partners are racing to sustain trade volumes in a Donald Trump era by closing new bilateral deals and rerouting supply chains to cope with increased US protectionism. Policymakers and trade experts say countries are turning to a tactic deployed during the US president’s first term in office,