Latest news with #SkylarWoodhouse
Bloomberg
18-06-2025
- Business
- Bloomberg
Trump Urges SALT Deal as Lawler Stands Firm on $40,000 Cap
By , Skylar Woodhouse, and Joe Mathieu Updated on Save President Donald Trump expressed optimism that lawmakers could reach a compromise on the state and local tax deduction — a sticking point in his 'One Big Beautiful Bill' — even as a key SALT advocate insisted a deal had already been reached. Trump said Wednesday that resolving the contentious debate over the SALT cap is imperative to passing his multitrillion dollar tax bill.
Bloomberg
31-03-2025
- Business
- Bloomberg
Stocks Set to Fall as Tariff Worries Mount
Still, more broadly Trump tamped down speculation he could limit the initial scope of tariffs set to be unveiled April 2 and said he plans to start his reciprocal tariff push with 'all countries.' The White House hasn't yet outlined what tariffs are coming, how they'll be calculated, or what countries will need to do to secure coveted exemptions, Skylar Woodhouse reports. Trump has also said his tariffs will account for other countries' non-tariff barriers, though hasn't detailed how those calculations will be made. The administration also hasn't specified when these new tariffs will take effect. Treasury Secretary Scott Bessent earlier this month said the Trump administration's coming action would focus on what he called the 'dirty 15,' a percentage of the world's economies that have substantial tariff and other barriers and together account for 'a huge amount of our trading volume.' Although he didn't name them, Bloomberg Economics analysis shows that for the last three years, 15 partners have consistently accounted for the whole trade in goods deficit, and in 2024 they made up more than 75% of all US imports: China, Mexico, Vietnam, Ireland, Germany, Taiwan, Japan, South Korea, Canada, India, Thailand, Italy, Switzerland, Malaysia and Indonesia. Trump told reporters on Air Force One he'd not heard of a rumour about 15 countries.
Bloomberg
11-02-2025
- Politics
- Bloomberg
Trump Lowers the Guardrails Around Public Officials
This is Washington Edition, the newsletter about money, power and politics in the nation's capital. Today, White House correspondent Skylar Woodhouse looks at Trump's remaking of rules for public officials. Sign up here and follow us at @bpolitics. Email our editors here. As President Donald Trump tries to dismantle the federal bureaucracy he's also uprooting constraints on public officials.
