The return of customs duties
Donald Trump wants to relocate production domestically and lower its costs. To do this, he intends in particular to impose customs duties on foreign production. Objective: improve tax revenues and serve as a negotiating argument against countries which, like China, “ tear us apart », he denounces.
Trump's victory: this threat that (really) worries China
In detail, the future president wants to increase customs duties on all imports to 10 or 20%, depending on the product, or even to 60% on Chinese imports, and up to 200% on imports of vehicles from from Mexico. Several economists are concerned about the effects of such a policy which would revive inflation and reconfigure supply chains, without certain benefit for the United States.
Donald Trump's plan to twist the arm of Europe
Disregulate energy
Donald Trump has pledged to eliminate inflation, a top concern among voters. Above all, he promised to halve energy bills from his first year in office. For analysts, such a measure must involve deregulation in favor of the oil and gas sector, in order to allow an increase in national production.
“The United States will dictate the pace of the transition,” predicts TotalEnergies
New tax cuts
When he was president during his first term, the businessman had implemented a tax policy advantageous for households and businesses (the corporate tax rate was then increased from 35% to 21%)with the Tax Cuts and Jobs Act, in 2017. As part of his second term, Donald Trump indicated that he could lower the corporate tax rate to 15% for certain businesses.
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For individuals, the tax cuts (on income and inheritance) expire from 2025. In this context, the Republican wishes to extend them beyond this deadline, whatever the level of household income. tax. Donald Trump also promised a series of targeted tax cuts, such as the elimination of the tax on tips.
Supporting the purchasing power of the middle class
Affected by the surge in prices following the tightening of the Fed's monetary policy, the middle classes are particularly targeted by Donald Trump with several measures announced:
- capping credit card interest rates;
- restitution of interest paid on car loans;
- creation of a tax credit for family caregivers.
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