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Vancouver Budget Balances Books Without Tax Hike

Vancouver city council approved a 2026 budget, which includes a freeze on municipal property taxes. Vancouver City Council has approved a new budget that pledges no increase in property taxes, a move welcomed by many residents facing rising living costs. However, the financial plan comes with significant trade-offs: millions of dollars will be cut from arts programs, park services, and other community initiatives. City officials argue the budget reflects a commitment to fiscal responsibility while easing pressure on households. Critics, however, warn that reductions in cultural and recreational funding could erode the city’s vibrancy and limit access to public spaces. The decision highlights the ongoing challenge of balancing affordability with investment in community life. As Vancouver grows, the debate over how to fund essential services without raising taxes is likely to intensify.
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Tech Relief: U.S. Exempts Electronics from Latest Tariffs

In a significant move, the U.S. government has decided to exempt smartphones, computers, and other electronics from its latest round of tariffs. This decision, announced by U.S. Customs and Border Protection, provides much-needed relief to major technology firms like Apple and Dell Technologies, as well as chip manufacturers such as Nvidia.

The exemptions cover 20 product categories, including laptops, hard drives, memory chips, and flat-panel monitors. These items, primarily imported from China, will no longer be subject to the steep 125% reciprocal tariffs or the 10% baseline tariffs on imports from other countries. This move is expected to ease the financial burden on consumers and tech companies alike, especially as many of these products are not manufactured domestically.

Analysts have hailed the decision as a positive step for the tech industry, which has been grappling with uncertainties due to ongoing trade tensions. Dan Ives, a Wedbush Securities analyst, described the announcement as "bullish news" for tech investors. 

The exemptions reflect an awareness of the potential impact of tariffs on inflation-weary consumers and the broader economy. While the trade war between the U.S. and China continues, this decision offers a temporary reprieve for the tech sector. 



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