logo
From DEI to federal cuts: How lawsuits against the Trump agenda could be affected by new USSC ruling

From DEI to federal cuts: How lawsuits against the Trump agenda could be affected by new USSC ruling

Edmonton Journal8 hours ago

Article content
Federal cuts
In May, a judge in Rhode Island blocked an executive order that sought to dismantle federal agencies supporting libraries, museums, minority businesses and parties in labor disputes.
The administration has appealed.
Rhode Island was a plaintiff in the lawsuit. The state's attorney general, Peter F. Neronha, said in a statement Friday he would 'continue to pull every available legal lever to ensure that Americans, all Americans, are protected from the progressively dangerous whims of this President.'
___
Associated Press writers Alanna Durkin Richer, Lindsay Whitehurst, Christina Cassidy in Atlanta and Rebecca Boone in Boise, Idaho contributed to this report.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

From DEI to federal cuts: How lawsuits against the Trump agenda could be affected by new USSC ruling
From DEI to federal cuts: How lawsuits against the Trump agenda could be affected by new USSC ruling

Edmonton Journal

time8 hours ago

  • Edmonton Journal

From DEI to federal cuts: How lawsuits against the Trump agenda could be affected by new USSC ruling

Article content Federal cuts In May, a judge in Rhode Island blocked an executive order that sought to dismantle federal agencies supporting libraries, museums, minority businesses and parties in labor disputes. The administration has appealed. Rhode Island was a plaintiff in the lawsuit. The state's attorney general, Peter F. Neronha, said in a statement Friday he would 'continue to pull every available legal lever to ensure that Americans, all Americans, are protected from the progressively dangerous whims of this President.' ___ Associated Press writers Alanna Durkin Richer, Lindsay Whitehurst, Christina Cassidy in Atlanta and Rebecca Boone in Boise, Idaho contributed to this report.

What is Canada's digital services tax and why is it infuriating Trump?
What is Canada's digital services tax and why is it infuriating Trump?

Calgary Herald

time12 hours ago

  • Calgary Herald

What is Canada's digital services tax and why is it infuriating Trump?

Article content U.S. President Donald Trump abruptly cut off all trade negotiations with Canada on Friday, citing Ottawa's Digital Services Tax (DST) for the decision. The tax, enacted last June, targets U.S. technology companies that operate in Canada but pay little tax here. Under the new tax regime, the first payments are set to be collected on Monday, June 30. The Financial Post breaks down what you need to know about the DST and why it is infuriating Trump and Americans. Article content Article content Article content Former Prime Minister Justin Trudeau's government enacted Canada's Digital Services Tax Act in June 2024, with the rules coming into effect the same month. The federal tax is applicable to large businesses — both foreign and domestic — that meet two specific criteria: a total global revenue of €750 million and up, and over $20 million of profits earned in Canada annually. The legislation levies a three per cent tax on digital services revenue over $20 million, and is retroactive to Jan. 1, 2022, meaning Ottawa could stand to gain billions in DST revenue, according to some estimates. Taxable revenue includes those of online marketplaces, digital advertising, social media, and user data — which will primarily affect American Big Tech giants such as Inc., Apple Inc., and Meta Platforms, Inc. Article content Article content Under the DST, companies were required to register with the Canada Revenue Agency (CRA) by Jan. 31, 2025 and are obligated to file their first DST returns on June 30, 2025. The CRA has said that more than 500 companies have already applied to register for DST purposes, and expects more than 100 companies to pay the tax. If applicable companies fail to register with the agency, they could be fined $20,000 per year. If they fail to file a DST return, Canada could dole out a penalty equal to five per cent of the unpaid tax for the year, plus one per cent of the unpaid tax for the year for each month, not exceeding 12 months, in which the return hasn't been filed. Article content According to the government, the goal of the DST is to ensure that major technology firms are taxed appropriately in the country. The legislation however, has come under fire from business groups on both sides of the border, with critics warning that the rules could further inflame Canada-U.S. ties. The Canadian Chamber of Commerce has argued that the tax could increase costs for consumers and risks 'damaging our beneficial and lucrative trade relationship with the U.S.' The U.S. meanwhile, has long denounced Canada's proposed rules, claiming that they unfairly discriminate against American firms. Last August, under the former Biden administration, the Office of the U.S. Trade Representative (USTR) launched dispute settlement consultations with Ottawa under the Canada-United States-Mexico Agreement over the DST. The U.S. has said that American companies are on the hook to pay Ottawa US$2 billion under the DST. 'Only America should be allowed to tax American firms,' Trump said in a February statement. Tech giant Google LLC responded to Canada's digital services tax rules by introducing an additional 2.5 per cent fee for ads shown in Canada starting in October 2024. Called the 'Canada DST Fee,' Google said the surcharges will 'cover part of the costs of complying with DST legislation in Canada.'

Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit
Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit

Winnipeg Free Press

time18 hours ago

  • Winnipeg Free Press

Nike soars on a production shift away from China, but it warns of a $1 billion tariff hit

Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it about $1 billion before it makes internal changes, which include 'surgical' price increases in the U.S. starting this fall. Nike is not the first retail company to warn of price hikes when students are heading back to school. Walmart said last month that that its customers will start to see higher prices this month and next when the back-to-school shopping season goes into high gear. Walmart also cited higher costs from tariffs. Nike is shifting production to avert looming tariffs in China. Production in China represents about 16% of the footwear that Nike imports into the U.S., Chief Financial Officer Matthew Friend said during a conference call late Thursday. That production will be cut to the high-single-digit range by the end of fiscal 2026 as Nike shifts production elsewhere, he said. President Donald Trump and his Commerce Secretary Howard Lutnick said late Thursday that the U.S. and China have signed an agreement on trade, but provided no details. Nike, Adidas, Under Armour and Puma were among 76 companies that signed on to a letter in April addressed to Trump, asking for a footwear exemption from reciprocal tariffs. The letter warned tariffs would 'become a major impact at the cash register for every family.' Nike said that it will begin to implement 'surgical' price increases as part of its regular approach to seasonal planning, beginning this fall, Friend said. The potential for higher prices from Trump's tariffs have raised alarms for families, notably those who already spend a good chunk of money on equipment needed to participate in sports. Also on Thursday, Nike reported a quarterly profit of $211 million, or 14 cents per share. Revenue totaled $11.1 billion. Both edged out Wall Street projections. Nike is already facing a pullback in spending by Americans, who have grown anxious about the direction of the U.S. economy. While it's still the most significant brand in sportswear, a 'boredom factor' seems to have settled over the Nike brand, wrote Neil Saunders, Managing Director of GlobalData. 'In markets like China, where overall market growth has slowed a little, Nike is also on the back foot for similar reasons,' Saunders wrote. 'We also see some anti-US brand sentiment creeping in, which is unhelpful and difficult to resolve.' Shares of Nike, based in Beaverton, Oregon, jumped 15% at the opening bell Friday.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store