Germany Takes an Unassuming Approach to Tax Cuts, in Contrast to Trump
Chancellor Friedrich Merz will pass an early plank of his domestic agenda into law on Friday, grounded in classical economic arguments.
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Chancellor Friedrich Merz will pass an early plank of his domestic agenda into law on Friday, grounded in classical economic arguments.
The country’s new prime minister, Mark Carney, has been called the “Trump whisperer,” and negotiations have been cordial and professional. But it’s been a wild ride.
The president is deploying the word “deal” liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided.
After President Trump suspended trade talks with Canada over its controversial digital services tax, Ottawa scrapped it to get back to the negotiating table.
The government said on Sunday night that it would cancel its tax on American technology companies, handing a victory to the Trump administration.
Wind and solar companies were already bracing for Congress to end federal subsidies. But the Senate bill goes even further and penalizes those industries.
Demonstrators joined antigovernment marches across the country a year after huge rallies against a contentious tax plan left more than 60 people dead.
Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.
Federal tax breaks have fueled a boom. The House bill would end that immediately.
After slashing foreign assistance and introducing steep tariffs, the Trump administration is proposing a new tax on remittances. African nations would be among the hardest hit.