#TrumpTaxCuts President Trump suggested on Sunday a new income tax cut to alleviate the effects of the tariffs he implemented, stating that people earning less than US$$ 200.000 could have their taxes reduced or eliminated. On his Truth Social network, Trump defended the tariffs, saying they create jobs and boost factory construction. He reiterated the suggestion to replace income tax with tariffs, an idea viewed with skepticism by economists. Tariffs on products from China, Mexico, and Canada are already in effect, impacting global markets. Surveys indicate that most Americans fear rising prices and disapprove of his economic management.