#特朗普税改 Below are the key elements of Trump's 2025 tax reform plan:

- Tariff Adjustments: On April 2, 2025, local time, Trump announced a 10% 'base tariff' on all countries and personalized higher 'reciprocal tariffs' on countries with the largest trade deficits with the U.S. For example, cumulative tariffs on China could reach 104%, Vietnam 46%, Cambodia 49%, etc. At the same time, certain goods may be exempt, such as steel and aluminum products subject to specific tariffs, automobiles, and items like copper and pharmaceuticals.

- Income Tax Adjustment Proposal: The plan aims to use tariff revenue to alleviate the tax burden on middle and low-income families, potentially significantly reducing or even eliminating federal income tax. However, no specific details of the income tax adjustment plan have been released, such as how tax rates will change or whether tax brackets will be adjusted.

From an economic perspective, the Tax Foundation estimates that the tax reform will increase U.S. real GDP by over 9%, real wages by 8%, and create at least 2 million new permanent full-time jobs. However, a report from the U.S. think tank TPC indicates that the long-term impact on U.S. economic growth is minimal and could trigger higher inflation. The U.S. Center for Tax Policy estimates that the tax reform will reduce U.S. federal revenue by $2.4 to $2.5 trillion from 2017 to 2027 and by $3.4 trillion from 2027 to 2037. From an international perspective, U.S. tax reform could trigger a global tax-cutting race, affecting the tax policies and economic development of other countries.