January 22, 2020 / 10:47 AM / a month ago

Trump says middle class tax cut to be announced over next 90 days: Fox Business

U.S. President Donald Trump arrives to hold a news conference at the 50th World Economic Forum (WEF) in Davos, Switzerland, January 22, 2020. REUTERS/Jonathan Ernst

(Reuters) - U.S. President Donald Trump said on Wednesday a tax cut for the middle class would be announced over the next 90 days.

"We are going to be doing a middle class tax cut, a very big one," Trump told Fox Business in an interview here "We'll be announcing that over the next 90 days."

Trump also threatened of imposing 25% tariffs on cars from the European Union, if a deal was not struck.

“Ultimately it will be very easy because if we can’t make a deal, we’ll have to put 25 percent tariffs on their cars,” Trump told Fox Business’ Maria Bartiromo at the World Economic Forum in Davos, Switzerland.

Reporting by Shubham Kalia in Bengaluru; Editing by Andrew Heavens

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