During remarks at the Republican Governors Association, President Donald Trump touted his plan to implement reciprocal tariffs on United States trading partners, suggesting that they could be so successful he could do away with income tax.
"You could wipe out your income tax. You could maybe not even have an income tax system when this thing works out,” Trump said of the plan for reciprocal tariffs, which have not yet been implemented.
While the president spent a lot of time talking about the money his administration is saving Americans by targeting federal spending, he didn’t spend a lot of time addressing inflation in his remarks.
Trump railed against former President Joe Biden for the current state of inflation, and he focused on 'energy dominance' as part of his plan to help get prices in check.
"If we can bring energy down, everything's coming down," he said. "You know that the eggs are coming down and the bacon's coming down -- everything is coming down. And that's the biggest thing, the energy."
On the 2024 campaign trail, Trump promised to bring down prices and reduce inflation.
Consumer prices overall rose 3% in January. The average price of a dozen eggs reached a record high in January, according to the monthly consumer price index.
-ABC News' Molly Nagle