On GPS: Jake Sullivan says allies are trying to ‘de-risk' from the US
Fareed asks the former national security adviser what the implications are of President Trump's decision to take on America's friends across the world.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
11 minutes ago
- CNN
Canada will rescind a digital services tax to restart US trade talks
Canada will rescind a digital services tax – a way of taxing online companies – its government said on Sunday, in a bid to restart trade negotiations with the United States. US President Donald Trump on Friday canceled trade talks between the two countries, blaming the tax that he called 'a direct and blatant attack on our Country.' In a statement Sunday night, the Canadian government said it was stepping back from the tax to help bring the countries back to the table. 'To support those negotiations, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States,' according to the statement. 'Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025.' Digital services taxes are a way for countries to tax online services, in contrast to taxes on physical products. This is a developing story and will be updated.
The Hill
12 minutes ago
- The Hill
House could vote on ‘big, beautiful bill' by Wednesday morning, Emmer announces
The House could vote on the GOP's 'big, beautiful bill' as early as Wednesday morning, House Majority Whip Tom Emmer's (R-Minn.) office announced Sunday, officially notifying members that they will have to return to Washington, D.C., to vote on the megabill. The beacon came as Senate Republicans were racing to pass the sprawling tax cuts and spending package, with GOP leaders hoping to send President Trump the measure by their self-imposed July 4 deadline. Once the Senate approves the bill, the House has to give it a final stamp of approval. 'Members are advised that votes are now expected in the House as early as 9:00 a.m. Wednesday, July 2. Please stay tuned to future updates for additional information regarding this week's schedule. This is a change from the previously announced schedule,' the whip's office wrote in a notice Sunday night. The House was scheduled to be on recess this week for July 4. If the Senate clears the legislation and sends it across the Capitol, the measure will first head to the House Rules Committee, where the panel will hold a vote to set parameters for debate. Then, the entire chamber will have to adopt a procedural rule for the legislation — which could happen as early as Wednesday morning — followed by general debate and a final passage vote. It remains unclear when the House will get its hands on the package. The Senate is scheduled to begin what is known as a vote-a-rama Monday morning at 9 a.m., giving senators in both parties an opportunity to introduce and vote on an unlimited number of amendments to the package. It remains unclear when the process will wrap up. Afterward, the chamber will hold a final passage vote. It is not yet certain that the legislation will have enough support to clear the upper chamber. Moderate Republicans have raised concerns about cuts to Medicaid, and conservatives have gripes about the level of spending cuts, prompting uncertainty about the measure's odds in the Senate. The bill, however, could change during the vote-a-rama process to shore up support. Senate Republicans can only lose three members and still clear the package, assuming full attendance and united Democratic opposition. The dynamics are similar in the House, where at least six moderate Republicans have said they will not support the bill in its current form, The Hill has learned, because of Medicaid language and the rollback of green-energy tax credits, among other provisions. Rep. Thomas Massie (R-Ky.), one of the two Republicans to vote against the House version of the bill last month, is also expected to vote against the bill, bringing the current number of opponents to seven. House Republicans can also only lose three of their own members and still pass the bill if there is full attendance and all Democrats vote 'no.'
The Hill
20 minutes ago
- The Hill
Canadian Prime Minister Carney says trade talks with US resume after Canada rescinded tech tax
TORONTO (AP) — Canadian Prime Minister Mark Carney said late Sunday trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms. U.S. President Donald Trump said Friday that he was suspending trade talks with Canada over its plans to continue with its tax on technology firms, which he called 'a direct and blatant attack on our country.' The Canadian government said 'in anticipation' of a trade deal 'Canada would rescind' the Digital Serves Tax. The tax was set to go into effect Monday. Carney and Trump spoke on the phone Sunday, and Carney's office said they agreed to resume negotiations. 'Today's announcement will support a resumption of negotiations toward the July 21, 2025, timeline set out at this month's G7 Leaders' Summit in Kananaskis,' Carney said in a statement. Carney visited Trump in May at the White House, where he was polite but firm. Trump traveled to Canada for the G7 summit in Alberta, where Carney said that Canada and the U.S. had set a 30-day deadline for trade talks. Trump, in a post on his social media network last Friday, said Canada had informed the U.S. that it was sticking to its plan to impose the digital services tax, which applies to Canadian and foreign businesses that engage with online users in Canada. The digital services tax was due to hit companies including Amazon, Google, Meta, Uber and Airbnb with a 3% levy on revenue from Canadian users. It would have applied retroactively, leaving U.S. companies with a $2 billion U.S. bill due at the end of the month. 'Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress,' Canadian Finance Minister François-Philippe Champagne said in a statement. Champagne also spoke with U.S. Treasury Secretary Scott Bessent on Sunday. Trump's announcement Friday was the latest swerve in the trade war he's launched since taking office for a second term in January. Progress with Canada has been a roller coaster, starting with the U.S. president poking at the nation's northern neighbor and repeatedly suggesting it would be absorbed as a U.S. state. Canada and the U.S. have been discussing easing a series of steep tariffs Trump imposed on goods from America's neighbor. Trump has imposed 50% tariffs on steel and aluminum as well as 25% tariffs on autos. He is also charging a 10% tax on imports from most countries, though he could raise rates on July 9, after the 90-day negotiating period he set would expire. Canada and Mexico face separate tariffs of as much as 25% that Trump put into place under the auspices of stopping fentanyl smuggling, though some products are still protected under the 2020 U.S.-Mexico-Canada Agreement signed during Trump's first term.
