Former President Donald J. Trump—the presumptive 2024 Republican presidential nominee—suggested during a private meeting with Republican lawmakers on Capitol Hill on Thursday that he’d consider replacing the federal income tax with an “all-tariff policy.” Trump first hinted at the policy idea during a campaign rally in Las Vegas on Sunday.

While specific details regarding the tariff plan were not immediately available, it appears the former President suggested tariffs could be used over time to phase out the income tax—and not immediately replace the federal government’s revenue base altogether. During Trump‘s first term in office, tariffs were used to impact both U.S. domestic and foreign policy—encouraging the reshoring of American jobs while punishing currency manipulators like China.

Trump also emphasized to his fellow Republicans at the Thursday meeting in Washington, D.C., that tariffs can and should be used to enhance U.S. negotiating power against foreign “bad actors.” These countries either purposefully devalue their currency or provide excessive state subsidies to domestic companies to tilt international trade in their favor.

The former President’s remarks signal that he will likely continue his popular protectionist policies in a second term in office. Even Democrats have acknowledged the success of Trump‘s trade agenda, with the 81-year-old incumbent Joe Biden having implemented similar tariff policies—at least on paper. However, extensive exemptions issued by the Biden Treasury Department have rendered many of the trade restrictions effectively unenforceable.

In a post on Truth Social, Trump said his meeting with Republican lawmakers had been very positive.