#TrumpTaxCuts Trump: Lowering tariffs leads to a reduction in income tax
US President Donald Trump said on Sunday that when tariffs are lowered, income taxes for many will significantly decrease, and may even be completely eliminated.
He continued in a post on Truth Social that the focus will be on those whose annual income is less than $200,000.
The US president added, "As a massive number of jobs are already being created, with new factories being built or planned. This will be a golden opportunity for America! The foreign tax office is in the works.
Trump urged Republicans in Congress to prepare a bill that includes significant tax cuts.
On another note, Trump revealed that the latest report on illegal immigration shows a decrease of about 99.9% at the US border.
He said this is the best recorded number ever. Three people entered, compared to hundreds of thousands in the previous administration. We have never seen such a difference before. Congratulations to America.
As part of efforts to avoid increases in tariffs, the administration of US President Donald Trump has laid out a framework for managing negotiations with trade partners who are rushing to finalize agreements.
Accordingly, a standardized model addressing common concerns will be used to launch the dialogue, among the areas proposed: tariffs, non-tariff barriers, digital trade, economic security, and business interests.
