#特朗普税改 #特朗普税改 Below are the key points of Trump's 2025 tax reform plan:

- Tariff adjustments: On April 2, 2025, local time, Trump announced a 10% "baseline tariff" on all countries, and personalized higher "reciprocal tariffs" on countries with the largest U.S. trade deficits. For example, cumulative tariffs on China could reach 104%, 46% on Vietnam, and 49% on Cambodia, among others. At the same time, certain goods may be exempt, such as steel and aluminum products, automobiles, and items like copper and pharmaceuticals that are subject to specific tariffs.

- Income tax adjustment proposal: The plan aims to reduce the tax burden on middle and low-income families through tariff revenues, potentially significantly reducing or even eliminating federal income tax. However, no specific details on income tax adjustments, such as changes in tax rates or adjustments to tax brackets, have been announced yet.

From an economic perspective, the Tax Foundation estimates that the tax reform will increase U.S. real GDP by over 9%, raise real wages by 8%, and create at least 2 million new permanent full-time jobs. However, a report from the Tax Policy Center (TPC) shows that the long-term impact on U.S. economic growth is minimal and could potentially lead to higher inflation. The Urban-Brookings Tax Policy Center estimates that the tax reform will reduce U.S. federal revenues by $2.4 to $2.5 trillion from 2017 to 2027, and by $3.4 trillion from 2027 to 2037. From an international perspective, U.S. tax reform may trigger a global race to cut taxes, impacting the tax policies and economic development of other countries.