#特朗普税改 Trump's 2025 Tax Reform Plan Core Content:

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