Skip to main content

Featured

Ottawa Backs Down on Digital Tax Dispute Amid Pressure from Trump White House

Canada has reportedly agreed to delay its planned digital services tax (DST) following pressure from former U.S. President Donald Trump’s administration, according to a recent statement from the White House. The tax, which was originally slated to target tech giants like Amazon, Meta, and Google, had been a major sticking point in U.S.-Canada trade discussions. The White House claimed Canada “caved” to U.S. demands after months of negotiations, with Trump’s team arguing the tax unfairly targeted American firms. The Canadian government, however, framed the delay as a strategic move to preserve economic stability and avoid retaliatory tariffs. Critics within Canada argue that the government’s decision reflects a growing trend of yielding to U.S. economic influence, while others say the delay is pragmatic given ongoing global talks about a coordinated approach to taxing digital revenues. The issue remains contentious, and observers are watching closely to see whether Canada will revive th...
Post a Comment
Read more

article

Labels

Market Surge as U.S. Court Blocks Trump’s Tariffs

Wall Street saw a significant boost in premarket trading after a federal court ruled against former President Donald Trump’s sweeping tariffs. The U.S. Court of International Trade determined that Trump had exceeded his authority in imposing broad import duties, leading to an immediate invalidation of most of the tariffs.

The ruling sparked optimism among investors, with futures for the **Dow Jones Industrial Average rising 0.49%**, the S&P 500 climbing 1.09%, and the Nasdaq 100 surging 1.62%. Tech stocks, particularly AI chipmakers, benefited from the decision, with Nvidia jumping over 6% following strong quarterly earnings.

While the court’s decision is expected to ease trade tensions and bolster market confidence, the White House has already signaled plans to appeal, leaving some uncertainty about the long-term impact. Analysts suggest that if the ruling holds, it could significantly reshape U.S. trade policy and strengthen global economic stability.

Labels:

Comments

Post a Comment