Among President Trump's many promises has been a cut in taxes for both households and businesses. So what might a Trump tax plan look like, and what might it mean for the rest of the world? Economist Irwin Stelzer from the 华体会 gives us his analysis.

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A Mexican National Guard officer stands guard on a pickup truck during a vehicle check heading to the United States at the San Ysidro Port of Entry crossing in Tijuana, Baja California, Mexico, on February 6, 2025. (Getty Images)