As Donald Trump’s tariffs send markets into a tailspin, pressure is mounting on the president to speed up his main proposal for juicing the economy: a sweeping tax bill.
Wall Street's tariff panic is pressuring Trump to accelerate tax cuts to offset potential economic pain from his trade policies. His team acknowledges short-term disruption but believes tax cuts can boost the economy, despite concerns about benefiting the wealthy and the complexity of the legislative process. While Trump defends his trade policy's long-term benefits, economists worry about inflation and slower growth.
