🚨President Trump said: "When tariffs are applied, income taxes for many people will be significantly reduced, and perhaps completely eliminated."
In my opinion, this news is considered very positive for the financial markets, as the reduction or elimination of income taxes will leave individuals with more disposable income. With additional liquidity available to people, it is likely that many of them will turn to investing their money in higher-risk assets such as stocks and cryptocurrencies. This increase in liquidity and investment could create a strong upward wave that supports the markets in general.