
Canada's now-abandoned digital services tax was never enough to begin with
Abandoning the DST so quickly, weeks before the July 21 deadline for a deal, is a worrying sign. What will Trump demand next? At any rate, given Trump's deals with other countries (which are not binding, and leave U.S. tariffs in place), it's not clear any deal (if reached) will be worth the paper it's printed on.
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National Post
24 minutes ago
- National Post
'America Party': Musk forms new political party after split with Trump
Elon Musk said he's carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing the America Party in response to the president's sweeping tax cuts law. Article content Musk, once an ever-present ally to Trump as he headed up the slashing agency known as the Department of Government Efficiency, broke with the Republican president over his signature legislation, which was signed into law Friday. Article content Article content As the bill made its way through Congress, Musk threatened to form the 'America Party' if 'this insane spending bill passes.' Article content 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Musk said Saturday on X, the social media company he owns. 'Today, the America Party is formed to give you back your freedom.' Article content Article content The formation of new political parties is not uncommon, but they typically struggle to pull any significant support away from the Republican and Democratic parties. But Musk, the world's richest man who spent at least $250 million supporting Trump in the 2024 election, could impact the 2026 elections determining control of Congress if he is willing to spend significant amounts of money. Article content His reignited feud with the president could also be costly for Musk, whose businesses rely on billions of dollars in government contracts and publicly traded company Tesla has taken a hit in the market. Article content Article content As of Sunday morning, there were multiple political parties listed in the Federal Election Commission database that had been formed in the the hours since Musk's Saturday X post with versions of 'America Party' of 'DOGE' or 'X' in the name, or Musk listed among people affiliated with the entity. Article content Article content But none appeared to be authentic, listing contacts for the organization as email addresses such as ' wentsnowboarding↕ ″ or untraceable Protonmail addresses. Article content Last month, he threatened to try to oust every member of Congress that voted for Trump's bill. Musk had called the tax breaks and spending cuts package a 'disgusting abomination,' warning it would increase the federal deficit, among other critiques.


Winnipeg Free Press
2 hours ago
- Winnipeg Free Press
Musk forms new political party after split with Trump over president's signature tax cuts law
BRIDGEWATER, N.J. (AP) — Elon Musk say he's carrying out his threat to form a new political party after his fissure with President Donald Trump, announcing on X that he is forming the America Party in response to the president's sweeping tax cuts law. Musk, once a ever-present ally to Trump as he headed up the slashing agency known as the Department of Government Efficiency, broke with the Republican president over his signature legislation, which was signed into law Friday. As the bill made its way through Congress, Musk threatened to form the 'America Party' if 'this insane spending bill passes.' 'When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,' Musk said Saturday on X, the social media company he owns. 'Today, the America Party is formed to give you back your freedom.' The formation of new political parties is not uncommon, but they typically struggle to pull any significant support away from the Republican and Democratic parties. But Musk, the world's richest man who spent at least $250 million supporting Trump in the 2024 election, could impact the 2026 elections determining control of Congress if he is willing to spend significant amounts of Monday. His reignited feud with the president could also be costly for Musk, whose businesses rely on billions of dollars in government contracts and publicly traded company Tesla has taken a hit in the market. It wasn't clear whether Musk had taken steps to formally create the new political party. Spokespeople for Musk and his political action committee, America PAC, didn't immediately comment Sunday. As of Sunday morning, there were multiple political parties listed in the Federal Election Commission database that had been formed in the the hours since Musk's Saturday X post with versions of 'America Party' of 'DOGE' or 'X' in the name, or Musk listed among people affiliated with the entity. But none appeared to be authentic, listing contacts for the organization as email addresses such as ' wentsnowboarding@ ″ or untraceable Protonmail addresses. Musk on Sunday spent the morning on X taking feedback from users about the party and indicated he'd use the party to get involved in the 2026 midterm elections. Last month, he threatened to try to oust every member of Congress that voted for Trump's bill. Musk had called the tax breaks and spending cuts package a 'disgusting abomination,' warning it would increase the federal deficit, among other critiques. 'The Republican Party has a clean sweep of the executive, legislative and judicial branches and STILL had the nerve to massively increase the size of government, expanding the national debt by a record FIVE TRILLION DOLLARS,' Musk said Sunday on X. Monday Mornings The latest local business news and a lookahead to the coming week. His critiques of the bill and move to form a political party mark a reversal from May, when his time in the White House was winding down and the head of rocket company SpaceX and electric vehicle maker Tesla said he would spend 'a lot less' on politics in the future. Treasury Secretary Scott Bessent, who clashed with Musk while he ran DOGE, said on CNN's 'State of the Union' on Sunday that DOGE's 'principles' were popular but 'if you look at the polling, Elon was not.' 'I imagine that those board of directors did not like this announcement yesterday and will be encouraging him to focus on his business activities, not his political activities,' he said. ___ Associated Press writer Meg Kinnard in Chapin, South Carolina, contributed to this report.


Global News
2 hours ago
- Global News
Trump trade war, Middle East tensions overshadow BRICS summit
Brazil is playing host to a summit of the BRICS bloc of developing economies Sunday and Monday during which pressing topics like Israel's attack on Iran, the humanitarian crisis in Gaza and trade tariffs imposed by U.S. President Donald Trump are expected to be handled with caution. Analysts and diplomats have said the lack of cohesion in an enlarged BRICS, which doubled in size last year, may affect its ability to become another pole in world affairs. They also see the summit's moderate agenda as an attempt by member countries to stay off Trump's radar. Brazil's President Luiz Inácio Lula da Silva has some of his priorities, such as debates on artificial intelligence and climate change, front and centre for the talks with key leaders not in attendance. Lula said in his speech on Sunday that 'we are witnessing the unparalled collapse of multilateralism' and that the meeting is taking place 'in the most adverse global scenario' of the four times Brazil has hosted it. He called for the group to promote peace and mediate conflicts. Story continues below advertisement 'If international governance does not reflect the new multipolar reality of the 21st century, it is up to the BRICS to contribute to its renovation,' Lula said at the opening of the summit. China's President Xi Jinping did not attend a BRICS summit for the first time since he became his country's leader in 2012. Russian President Vladimir Putin, who will make an appearance via videoconference, continues to mostly avoid traveling abroad due to an international arrest warrant issued after Russia invaded Ukraine. Iranian President Masoud Pezeshkian and Egypt's Abdel-Fattah el-Sissi are also absent from the gathering in Rio de Janeiro. Three joint statements expected The restraint expected in Rio de Janeiro marks a departure from last year's summit hosted by Russia in Kazan, when the Kremlin sought to develop alternatives to U.S.-dominated payment systems which would allow it to dodge Western sanctions imposed after Russia's full-scale invasion of Ukraine in February 2022. Story continues below advertisement A source involved in the negotiations told journalists Friday that some members of the group want more aggressive language on the situation in Gaza and Israel's attack on Iran. The source spoke under the condition of anonymity because they were not authorized to speak about the matter publicly. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy 'Brazil wants to keep the summit as technical as possible,' said Oliver Stuenkel, a professor at the Getulio Vargas Foundation think tank and university. Consequently, observers expect a vague final declaration regarding Russia's war in Ukraine and conflicts in the Middle East. 4:23 The U.S. trade war is fueling Canadian pride this Canada Day As well as suiting Brazil, a watered-down and non-controversial statement may be made easier by the absences of Putin and Xi, Stuenkel said. Those two countries have pushed for a stronger anti-Western stance, as opposed to Brazil and India that prefer non-alignment. Story continues below advertisement A Brazilian government official told The Associated Press on Thursday that the group is expected to produce three joint statements and a final declaration, 'all of which less bounded by current geopolitical tensions.' The official spoke on condition of anonymity because they were not authorized to speak publicly about the summit's preparations. João Alfredo Nyegray, an international business and geopolitics professor at the Pontifical Catholic University in Parana, said the summit could have played a role in showing an alternative to an unstable world, but won't do so. 'The withdrawal of Egypt's President Abdel Fattah al-Sisi and the uncertainty about the level of representation for countries like Iran, Saudi Arabia and the UAE are confirming the difficulty for the BRICS to establish themselves as a cohesive pole of global leadership,' Nyegray said. 'This moment demands high level articulation, but we are actually seeing dispersion.' Avoid Trump's tariffs Brazil, the country that chairs the bloc, has picked six strategic priorities for the summit: global cooperation in healthcare; trade, investment and finance; climate change; governance for artificial intelligence; peace-making and security; and institutional development. Story continues below advertisement It has decided to focus on less controversial issues, such as promoting trade relations between members and global health, after Trump returned to the White House, said Ana Garcia, a professor at the Rio de Janeiro Federal Rural University. 8:01 Trump, Starmer announce 'historic' U.S.-UK trade deal based on 'reciprocity and fairness' 'Brazil wants the least amount of damage possible and to avoid drawing the attention of the Trump administration to prevent any type of risk to the Brazilian economy,' Garcia said. While Brazil advocated on Sunday for the reform of Western-led global institutions, a cornerstone policy of the group, the country's government wants to avoid becoming the target of tariffs — a predicament it has so far largely escaped. Trump has threatened to impose 100% tariffs against the bloc if they take any moves to undermine the dollar. 'Best opportunity for emerging countries' BRICS was founded by Brazil, Russia, India, China and South Africa, but the group last year expanded to include Indonesia, Iran, Egypt, Ethiopia, and the United Arab Emirates. Story continues below advertisement As well as new members, the bloc has 10 strategic partner countries, a category created at last year's summit that includes Belarus, Cuba and Vietnam. That rapid expansion led Brazil to put housekeeping issues — officially termed institutional development — on the agenda to better integrate new members and boost internal cohesion. Despite notable absences, the summit is important for attendees, especially in the context of instability provoked by Trump's tariff wars, said Bruce Scheidl, a researcher at the University of Sao Paulo's BRICS study group. 'The summit offers the best opportunity for emerging countries to respond, in the sense of seeking alternatives and diversifying their economic partnerships,' Scheidl said. For Lula, the summit is a welcome pause from a difficult domestic scenario, marked by a drop in popularity and conflict with Congress. The meeting also represents an opportunity to advance climate negotiations and commitments on protecting the environment before November's COP 30 climate talks in the Amazonian city of Belem.