President Trump has signed an executive order to set tariffs on imports. This plan aims to help the U.S. economy. Trump believes tariffs will bring back prosperity seen in earlier years.
- 10% baseline tariff on all imports.
- 34% tariff on Chinese goods.
- 25% tariff on automobile imports.
- Proposal to eliminate income tax and finance government through trade tariffs.
| Fact | Data |
|---|---|
| Estimated savings per taxpayer | $134,809 - $325,561 |
