#特朗普税改

The following are the core contents of Trump's 2025 tax reform plan:

- Tariff adjustments: On April 2, 2025, local time, Trump announced a 10% 'baseline tariff' on all countries, with higher 'reciprocal tariffs' imposed on countries with the largest trade deficits with the United States. 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, as well as copper and pharmaceuticals.

- Income tax adjustment proposal: The plan aims to use tariff revenues to alleviate the tax burden on middle- and low-income families, which may significantly reduce or even eliminate federal income tax. However, there are currently no specific details released regarding the income tax adjustment plan, such as how tax rates may change or whether tax brackets will be adjusted.

From an economic perspective, the Tax Foundation estimates that the tax reform will increase the real GDP of the United States by more than 9%, real wages by 8%, and create at least 2 million new permanent full-time jobs. However, a report from the American think tank TPC shows that in the long run, its impact on U.S. economic growth is minimal and may even trigger higher inflation. The American Tax Policy Center estimates that the tax reform will reduce federal revenue in the U.S. 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 race to cut taxes, impacting the tax policies and economic development of other countries.