Attention! Trump has recently started stirring things up again!

He has bundled personal tax cuts and tariffs together, wanting to use tax cuts to offset the price increases caused by tariffs, and may even exempt certain groups from taxes directly. The tax cuts are mainly aimed at people with an annual income below $200,000, and have specifically included the upper middle class with incomes between $100,000 and $200,000, with the aim of gaining more voter support.

The calculation is that since tariffs have pushed up prices, tax cuts could allow the public to spend less money, alleviating inflation pressure. At the same time, high tariffs force foreign companies to build factories in the U.S., creating job opportunities and lowering the unemployment rate, thereby making economic data look a little better. If Trump’s set of punches is executed well, it may lead to U.S. stocks continuing to rise in the short term.