Tariff Worry on Wall Street Pressures Trump to Speed Up Tax Cuts
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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.
Trump’s team is starting to warn of short-term pain as they pursue a drastic overhaul of trade and public spending. Tax cuts, which put more cash in consumer pocketbooks, could help soften the blow. Allies would ideally like to pass a bill by July, though there are plenty of hurdles.