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Trump’s No. 1 job: Don’t screw up the economy
President Donald Trump has one main job between now and Election Day 2020: Don’t screw up the economy. And he’s increasingly listening to internal and external advisers telling him the best way to...
View ArticleTrump to disappoint Iran hawks with more nuclear waivers
After building up its maximum pressure campaign on Iran, the Trump administration is poised deliver a disappointment to hawks who want tougher action against Tehran. Secretary of State Mike Pompeo is...
View ArticleUS Treasury designates China as a currency manipulator
WASHINGTON — The United States took the rare step on Monday of formally labeling China a currency manipulator, as trade relations between the two countries continued to spiral downward after President...
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Trump’s vision meets growing global chaos
U.S. President Donald Trump had hoped to head into the 2020 campaign season as the world’s consummate dealmaker. He may instead enter his reelection campaign not just empty-handed, but vulnerable to...
View ArticleTrump hits China with new tariffs in trade war escalation
WASHINGTON — U.S. President Donald Trump on Friday lobbed Twitter attacks at China, U.S. companies and his handpicked Federal Reserve chief as he further escalated his tariff battle with the world’s...
View ArticleTrump threatens sanctions against Turkey amid Syria backlash
President Donald Trump’s administration on Friday threatened new sanctions against Turkey, opening the door to punishing the Middle Eastern nation for its brutal offensive against U.S.-allied Syrian...
View ArticleEU asks US Treasury to cut cost of citizenship renunciation for ‘accidental...
WASHINGTON, D.C. — A leading European Union official asked U.S. Treasury Secretary Steven Mnuchin to reduce the cost for renouncing U.S. citizenship in a letter proposing a range of relief from tax and...
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Trump’s impeachment chaos evolves into a White House strategy
The White House’s chaotic infighting over its impeachment strategy has mostly subsided, replaced by casting and choreography decisions designed to guide the U.S. president through a quick trial with...
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EU trade boss backs France in transatlantic spat over digital tax
The United States thought it was entering a trade dust-up with France. It may end up in one with the whole European Union. Speaking after a meeting with France’s finance minister, European Commissioner...
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Push for global digital tax agreement stalls amid tensions
Hopes for a global deal to tax firms like Facebook and Google have been significantly scaled back ahead of a meeting later this month involving more than 130 countries, several senior officials told...
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Tech giants push for tariffs as fight over French tax heats up
A trade dispute between the Trump administration and France intensified on both sides of the Atlantic on Tuesday, with U.S. tech giants backing tariffs to retaliate against a new French digital...
View ArticleEU trade chief urges reset in US relationship amid tensions
WASHINGTON — EU Trade Commissioner Phil Hogan is urging the Trump administration to “refresh” and “recalibrate” its trade relationship with the European Union so that they can confront challenges...
View ArticleUS digital tax proposal gets EU cold shoulder
Europe is pressing on with its battle to tax technology companies despite France’s truce with the U.S. France, Germany, Italy and the U.K. on Tuesday opposed a U.S. plan to water down an international...
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Russia-Poland history spat overshadows Auschwitz ceremonies
The 75th anniversary of the liberation of Auschwitz has become embroiled in a bitter conflict between Poland and Russia. As a result, there will be two ceremonies — one on Thursday in Israel attended...
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How the US made France blink on digital tax
In the battle between France and the United States over who should tax Google and Facebook, score one for Washington, D.C. Amid threats of tariffs from the United States and intense lobbying from...
View ArticleSteven Mnuchin: US ‘focused’ on clinching UK trade deal this year
The United States is “focused” on striking a trade deal with the U.K. by the end of the year, U.S. Treasury Secretary Steven Mnuchin said Saturday. “The U.K. is our most important relationship … it’s a...
View ArticleZuckerberg to concede Facebook willing to pay more taxes overseas
Mark Zuckerberg, Facebook’s chief executive, accepts that his social networking giant may pay more taxes outside the United States as part of a global overhaul of how tech giants pay taxes, according...
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The man behind the global struggle to create digital taxes
He’s no Tom Cruise, but Pascal Saint-Amans is signed up for a Mission Impossible. Amid a stand-off between the United States and France over how to tax companies like Google and Facebook, the Frenchman...
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Inside the global race to prevent another depression
Economic firefighters around the world have a problem they’ve never seen before: a lightning-fast economic collapse strapped to a virulent global pandemic and wild, whipsawing financial markets...
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UK risks being squeezed in trade triangle with EU and US
LONDON — London wants to make Brussels jealous by flirting with Washington on trade — but the U.K. may yet find it’s the one being led on. The second round of talks between the U.K. and U.S. kicks off...
View ArticleGentiloni: EU ready to launch new digital tax if US stalls global talks
An EU levy on digital giants is coming if the U.S. withdrawal from global talks on taxation makes it impossible to get an international accord, the European Commission’s tax czar said Thursday. “We...
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Threat of EU-US trade war grows amid digital tax stand-off
Europe and the United States are hurtling toward a trade war over who has the right to tax Google, Facebook and Amazon. After Washington confirmed Wednesday that it had pulled out of talks on global...
View ArticleEU pushing ahead with digital tax despite US resistance, Vestager says
The European Union’s powerful antitrust and COVID-19 bailout enforcer says the EU will push ahead with its own digital services tax even if the U.S. sticks to its efforts to block a global deal....
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Digital tax: A cautionary tale
This story is part of the special report In Search of Sovereignty, on Europe’s effort to support domestic technology. As Europe strives to assert its technological sovereignty, few issues have loomed...
View ArticleTrump administration weighs accusing China of ‘genocide’ over Uighurs
The United States is weighing formally labeling China’s brutal repression of ethnic Muslim minority Uighurs a “genocide,” two Trump administration officials said. Activists and lawmakers have been...
View ArticleFrance reinstates digital tax, courting trade war
France will begin collecting tax on big digital companies this year after international talks failed to agree on a global levy, its finance minister said Wednesday. “With the U.S. it has always been...
View ArticleMacron’s piercing eyes and Merkel’s wrinkles: A first read of French...
PARIS — Emmanuel has beautiful blue eyes. Angela’s wrinkles tell a story. Donald refuses to pay attention. And the hero of the piece, Bruno, is a bit like James Bond. No, not characters from season 2...
View Article5 things that could stop a global tax deal
There is less than a month to go until negotiators must reach a deal on how to tax the world’s largest companies. Finance ministers from the world’s largest 20 economies will meet on July 9 to agree...
View ArticleEgypt, guns, money, power at center of US Senator Menendez indictment
The indictment of Sen. Bob Menendez on Friday accuses one of the most powerful senators shaping American foreign affairs of using his perch to enrich himself and exploit the complicated relationship...
View ArticleHe’s the rare Trump adviser to survive the first term. He’s poised to be even...
Former President Donald Trump’s administration was not exactly known for its bipartisan overtures. So when Trump’s top trade official, Robert Lighthizer, rounded up his staff one day in 2019 for a...
View ArticleTrump could turn Elon Musk into an American oligarch
Former U.S. President Donald Trump’s plan to have Elon Musk lead a government efficiency commission would vault the world’s richest man to an unprecedented role: American oligarch. The details of the...
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