#特朗普税改 Trump has recently started to stir things up again! He has bundled personal tax cuts with national tariffs, trying to use tax cuts to offset the price increases caused by tariffs, and may even exempt certain groups from taxes altogether. The tax cuts mainly target individuals with an annual income below $200,000, and he has also specifically included those in the upper middle class earning between $100,000 and $200,000, aiming to gain more voter support. Trump's strategy is that since tariffs raise prices, tax cuts can help the public spend less money, alleviating inflationary pressure. At the same time, high tariffs force foreign companies to establish factories in the U.S., creating job opportunities and lowering the unemployment rate, thereby making economic data look better. If Trump plays this combination well, it may lead to a short-term rise in U.S. stocks. However! This can only relieve pressure temporarily. In the long run, whether tax cuts can fully offset the inflationary pressure of tariffs (most likely not) will depend on the implementation intensity and economic data.