According to the Research Reports from China International Capital Corporation, it is predicted that Trump may push for some tariffs to take effect in the second quarter of 2025, and the pace may be gradual. Meanwhile, the Republican Party may use budget reconciliation to promote legislation in 2025, passing the first bill related to immigration, Energy, and defense spending within 100 days of Trump taking office, which may include cuts to fiscal spending. The second bill may implement the tax reduction plan, potentially scheduled for the second half of the year.
中金公司:特朗普减税政策或延后到2025年下半年落地
China International Capital Corporation: Trump's tax reduction policy may be delayed until the second half of 2025.
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