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

- Tariff Adjustments: On April 2, 2025, local time, Trump announced a 10% 'baseline tariff' on all countries and personalized higher 'reciprocal tariffs' on countries with the largest U.S. trade deficits. For example, cumulative tariffs on China could reach 104%, Vietnam 46%, and Cambodia 49%. At the same time, some products 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 reduce the tax burden on middle- and low-income families through tariff revenue, potentially significantly reducing or even eliminating federal income tax. However, no specific details have been published regarding income tax adjustments, such as changes in tax rates or adjustments in tax brackets.

From an economic perspective, the Tax Foundation estimates that the tax reform will increase the 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 lead to higher inflation. The Urban-Brookings Tax Policy Center 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 may trigger a global tax-cutting race, impacting the tax policies and economic development of other countries.