#TrumpTaxCuts President Trump proposed a new income tax cut on Sunday to mitigate the impacts of the tariffs he imposed, stating that people earning less than US$ 200.000 could have their taxes reduced or eliminated. On his Truth Social network, Trump defended the tariffs, claiming they create jobs and support factory construction. He again suggested replacing the income tax with tariffs, an idea that economists view skeptically. Tariffs on products from China, Mexico, and Canada are already in effect and are affecting global markets. Surveys indicate that most Americans are concerned about rising prices and disapprove of his economic management.