🖼 💰Economist: Trump's Import Tax Hike May Offset the Effect of Income Tax Reduction

💰Economists: Trump's Import Tax Hike May Offset the Effect of Income Tax Relief

Economists generally believe that the tax policy being implemented by the Trump administration includes two aspects: extending the 2017 income tax relief and adding new incentives, which will stimulate investment and consumption and promote US economic growth. However, at the same time, the Trump administration plans to raise import taxes, which may offset the positive impact brought about by the income tax relief.

(Bloomberg Politics)

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