US President Donald Trump Proposes New Income Tax Cut to Offset Tariff Effects

President Donald Trump has proposed a new income tax cut plan aimed at softening the blow of tariffs, especially for individuals earning under $200,000. While standing by his tariff policy, Trump has promised significant tax relief as tariff revenues grow. Meanwhile, economists and public opinion polls have raised doubts about the long-term success of this strategy. US Treasury Secretary Scott Bessent continues to defend the administration’s economic measures, despite increasing market volatility and rising tensions with China. The big question remains: can Trump’s proposed tax cuts and tariffs truly reshape the US economy?