$BTC President Trump said he and other wealthy people are willing to accept a small tax increase to help low- and middle-income earners. He has not prioritized raising taxes on the wealthy, but he would not object if they did.

President Trump is slowly shifting to the next step, focusing on cutting taxes for most people in preparation for next year's midterm elections.

Tariffs may be a central issue for many countries, but they are just one of many steps in Trump's economic plan.