#TrumpTaxCuts President Trump on Sunday proposed a new income tax cut as a way to mitigate the impact of his broad tariffs, which polls show Americans increasingly believe will lead to higher prices.

"When tariffs are reduced, the income taxes of many people will be significantly lowered, possibly even completely eliminated," Trump wrote in a post on his Truth Social platform on Sunday.

"Attention will be paid to people earning less than $200,000 a year," he continued.

Trump defended the strategy behind his steep tariffs during his tenure, claiming that "a massive number of jobs are already being created, and new plants and factories are currently being built or planned."