US President Donald Trump told Fox Business that the administration is planning a “very big” middle-class tax cut. He said, “we are going to be doing a middle-class tax cut, a very big one. We’ll be doing that. We’ll be announcing that over the next 90 days.”

On trade deals, “the China deal is amazing, we’ll be starting phase two very soon. The tariffs were left on Chinese goods because its good to negotiate for phase two.”

At the same time, “the European Union is tougher to deal with than anybody. They’ve taken advantage of our country for many years,” said Trump. “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.”

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