Apr 05, Kathmandu- After deciding to impose tariffs on goods imported into the United States from around the world, President Donald Trump is now preparing his ambitious plan to give tax breaks to America's wealthy.

This is an ambitious plan by Trump and his Republican Party, and Trump announced it during the election campaign. The US budget is due to be presented in the next few months and the budget plan was discussed in the Senate on Friday night. Trump plans to give trillions of dollars in tax breaks to America's richest people, strengthen border security and increase defense spending. In addition, there have been cuts to federal government spending.

As head of the Department of Government Efficiency, Elon Musk has achieved his goal of cutting trillions of dollars in federal government spending. Now the Trump administration is moving forward with its next plan. The Republican Party is also facing opposition from the Democratic Party. The Democratic Party says it should not give tax breaks to the wealthy by cutting federal programs. The Democratic Party has been saying that most American citizens depend on government welfare programs and should not give tax breaks to the wealthy.

This upheaval is happening at a time when Donald Trump has announced the imposition of reciprocal tariffs on many countries around the world. In response, China has announced retaliatory tariffs on the US, and many other countries are considering doing the same. Economists are concerned that Trump's move could push the US and the global economy into recession, and stock prices are falling in many stock markets around the world, including the US.