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US President may cut income tax, many countries will be affected

BY Connect Newsroom, Apr 29, 2025 5:16 PM - REPORT AN ERROR

Trump may reduce the funding of WHO i.e. World Trade Organization and NATO or may put some condition for cooperation.(Photo: The Canadian Press)

US President Donald Trump may soon take new decisions, which will affect many countries including Canada, India, China. Trump may decide to cut income tax in the coming months. He believes that the government can be run with the profits from tariffs. If this happens, the global market will be affected by this. Instability in world trade will increase.

Trump says that between 1870-1913, America's revenue mainly came from tariffs and during this time the country was very rich. He claims that America is earning 2 to 3 billion dollars daily due to tariffs. It is also being said that Trump may reduce the funding of WHO i.e. World Trade Organization and NATO or may put some condition for cooperation.

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