U.S. Economic Team Proposes Tax Credit Plan to Combat Tariff Impact on Exports

The U.S. economic team is exploring a proposal for an ‘exporter tax credit’ plan to counter the financial strain of retaliatory tariffs. This initiative seeks to provide refunds to American businesses facing losses due to these tariffs, with the aim of making this tax relief available by the end of the year. Though internal discussions have raised skepticism within the White House about the effectiveness of existing tariffs.