Trump Proposes Increasing Tariffs in China to Replace Income Tax, Chen Fengxin States Infeasible, but Warns of Spreading Isolationism 【#WindDirectionDragonPhoenixPair】

Reported about 1 year ago

On June 15, 2024, in the #WindDirectionDragonPhoenixPair program, former US President Trump recently proposed offsetting income tax cuts by raising tariffs, a challenging task as the US earns more from individual taxes than from imported products. However, based on Trump's past actions, even if not fully achieved, if elected, there may be a shift towards protectionism, warning of the spread of isolationism.

Source: YAHOO

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