Trump suggests tax cuts for incomes under $200,000 a year

US President Donald Trump announced this Sunday the possibility that, when the tariffs go into effect, income taxes could be reduced or eliminated for people earning less than $200,000 a year.

"When the tariffs go into effect, many people's income taxes will be substantially reduced, perhaps even eliminated entirely. The focus will be on those earning less than $200,000 a year," the Republican president wrote on his Truth Social networking site this Sunday.

Trump also emphasized in his message that the U.S. is creating many jobs with new plants and factories under construction. "It will be a bonanza for America!!! The Internal Revenue Service is on the move!!!" Trump concluded.

This week, a coalition of twelve states, led by prosecutors in Oregon and Arizona, filed a lawsuit seeking to block Trump's tariffs, arguing that they are "illegal."

The lawsuit seeks to block the imposition of 145% tariffs on most products from China and a 25% tariff on most products from Canada and Mexico, major trading partners of the plaintiff states.

He also challenges the 10% tariffs on most imported goods from the rest of the world, and the Trump administration's plan to increase tariffs on imports from 46 other trading partners starting July 9.