#TrumpTaxCuts Reduction of import taxes leads to a decrease in income taxes

U.S. President Donald Trump said on Sunday that when import taxes are reduced, the income taxes of many people will significantly decrease and could be completely eliminated.

He continued in a post on the Truth Social platform that he would focus on individuals with an annual income of under $200,000.

The U.S. President said, "A lot of jobs have been created as new factories are built or planned to be built. This will be a golden opportunity for America! The foreign tax agency is in the process of completion.

Trump has called on Republican members of Congress to prepare a bill that includes major tax cuts.