President Donald Trump said Sunday that his tariff policy will substantially reduce, also completely eliminate income taxes for some US workers.
“When the tariffs are reduced, the taxes on the income of many people will be reduced substantially, perhaps completely eliminated,” Trump wrote in a publication of the 6:06 am on Truth Social. “The approach will be in people who earn less than $ 200,000 a year.”
Trump continued: “In addition, a massive number of jobs are already being created, with new plants and factories that are currently being built or planned.
Trump has promoted a “external income service” before, but may be citing the attractive idea again against the continuous criticism by the detractors who have launched a destructive “commercial war” that has shaken the US stock market storage. Posters
On April 2, Trump imposed a series of tariffs on nations around the world, including a 10 percent rate so that everything that reaches the United States. The rate on India was set at 26 percent, while China has the greatest success with 145 percent of the encumbrances.
Since, however, the administration has retreated part of the policy. He has put a 90 -day break in reciprocal rates, has launched negotiations with boxes from countries that seek new trade agreements and focused on much of their tariff in China.
In recently Wall Street seems to be hanging from each word of Trump’s secretary and the treasure, Scott Besent, while Dow Fluctúa’s average.
Tariff policies have also shaken the US bond market, which multiplies by the nation’s debt. Some observers have said that this led Trump to return part of the policy.