According to The Kobeissi Letter, the establishment of the 'External Revenue Service' by the Trump Administration will introduce a new tax regime, with auto tariffs alone impacting over $275 billion of auto imports annually. The administration aims to generate $600 billion in tariff revenue per year, indicating significant implications for international trade and potentially influencing currency markets as tariffs may affect import costs and trade balances.

According to Crypto Rover, President Trump is considering replacing the income tax with tariff revenue. He stated that this is 'absolutely' a possibility. This potential policy shift could significantly impact the crypto market by altering the economic landscape, potentially affecting investor sentiment and market dynamics as traders might reassess risk and investment strategies in response to changes in fiscal policy.