'Tariffs will replace income taxes…': Trump slams US Supreme Court, calls SC ruling 'unfortunate'

US President Donald Trump touted his revamped tariffs during his State of the Union address Tuesday, saying he believes the import taxes could ultimately replace the income tax. "As time goes by, I believe the tariffs paid for by foreign countries will, like in the past, substantially replace the modern-day system of income tax, taking a great financial burden off the people that I love," Trump said. On Friday, the Supreme Court delivered a major setback to Trump's agenda when it struck down his sweeping tariffs. Trump announced later he would reimpose global tariffs at 15%, though they took effect Tuesday at 10%.