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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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Trade Tensions Ease as China Signals Openness to Dialogue


China has expressed its willingness to engage in trade talks with the United States, following President Donald Trump's indication that tariffs on Chinese goods could be significantly reduced. The announcement comes amidst escalating trade tensions, with tariffs reaching as high as 145% on Chinese imports. Beijing, which has imposed counter-tariffs of 125% on U.S. goods, reiterated its stance that trade wars have no winners and emphasized the importance of mutual respect in negotiations.

President Trump acknowledged the high tariff levels and hinted at substantial reductions, stating that while tariffs won't return to zero, they will be lowered significantly. This shift in tone has brought cautious optimism to global markets, which have been rattled by the ongoing trade conflict. Both sides appear to be signaling a willingness to de-escalate, though formal negotiations have yet to begin. 

The developments mark a potential turning point in the trade war, offering hope for a resolution that could stabilize global economic relations.

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