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June 4, 2020
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U.S. launches trade probe into digital taxes, plowing ground for new tariffs

Reuters
FILE PHOTO: U.S. Trade Representative Robert Lighthizer listens as U.S. President Donald Trump meets with Bahrain Crown Prince Salman bin Hamad Al Khalifa during a meeting in the Oval Office of the White House in Washington, U.S., September 16, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – The U.S. Trade Representative’s office......
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Walmart de Mexico says it has paid $358 million to tax authorities

Reuters
FILE PHOTO: A Walmart sign is pictured at one of their stores in Mexico City, Mexico March 28, 2019. Picture taken March 28, 2019. REUTERS/Edgard Garrido MEXICO CITY (Reuters) – Mexico’s biggest retailer, Walmart de Mexico, said on Monday that it had paid 8.08 billion pesos ($358 million) to Mexican......
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Trump wants to see 7.6% payroll tax cut: White House economic director

Reuters
Aides wearing masks stand behind White House economic adviser Larry Kudlow as he speaks to reporters about the economic impact of the coronavirus disease (COVID-19) at the White House in Washington, U.S., May 15, 2020. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Tuesday that......
Reuters - Business

U.S. mulls paying companies, tax breaks to pull supply chains from China

Reuters
WASHINGTON (Reuters) – U.S. lawmakers and officials are crafting proposals to push American companies to move operations or key suppliers out of China that include tax breaks, new rules, and carefully structured subsidies. FILE PHOTO: U.S. President Donald Trump looks at an assembly line during a tour of Honeywell’s facility......
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White House’s Kudlow floats cutting U.S. corporate tax rate in half

Reuters
FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April......
Reuters - Business

Trump threatens new taxes on companies that make goods outside United States

Reuters
WASHINGTON (Reuters) – President Donald Trump threatened on Thursday to impose new taxes on American companies that produce goods outside the United States, another move his administration could make to push supply chains away from China and raise new trade barriers. FILE PHOTO: U.S. President Donald Trump and China’s President......
Reuters - Business

The U.S. needs more fiscal help to fight coronavirus, Fed officials say

Reuters
(Reuters) – U.S. businesses and households are going to need more fiscal support to get through what will likely be a longer period of recovery from the coronavirus shutdown than initially expected, Federal Reserve policymakers said on Tuesday. FILE PHOTO: The Federal Reserve building is set against a blue sky,......
Reuters - Business

U.S. reports record $738 billion budget deficit in April

Reuters
WASHINGTON (Reuters) – The United States on Tuesday reported a record $738 billion budget deficit in April as an explosion in government spending and a shrinking of revenues amid the novel coronavirus pandemic pushed it deeply into the red. FILE PHOTO: A U.S. five dollar note is seen in this......
Reuters - Business

China announces new tariff waivers for some U.S. imports

Reuters
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song BEIJING (Reuters) – China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at......
Reuters - Business

U.S. and Europe spar over next stage of aircraft subsidy dispute

Reuters
WASHINGTON/BRUSSELS (Reuters) – The United States said there was “no valid basis” for the European Union to retaliate against U.S. goods in a long-running subsidy row after Boeing lost state tax breaks, but the EU said it was pressing ahead with its demand for tariffs. FILE PHOTO: The Boeing logo......
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U.S. tells WTO ‘no valid basis’ for EU tariffs in Boeing-Airbus subsidy fight

Reuters
WASHINGTON (Reuters) – The United States told the World Trade Organization on Wednesday it has fully complied with WTO findings that Washington state’s now-repealed tax breaks for Boeing (BA.N) were illegal and there was “no valid basis” for the European Union to retaliate against U.S. goods. FILE PHOTO: The Boeing......
Reuters - Business

U.S. Republicans push for coronavirus lawsuit immunity for business

Reuters
WASHINGTON (Reuters) – The top Republicans in the U.S. Congress displayed a united front on Friday in their drive for coronavirus-related liability protections for businesses, saying such measures will be crucial to talks about future relief legislation. FILE PHOTO: The U.S. Capitol Building as seen ahead of a vote on......
Reuters - Business

Special Report: How a corporate PR machine is trying to kill a Wall Street tax

Reuters
WASHINGTON (Reuters) – As Democratic presidential hopefuls descended on New Hampshire prior to the state’s Feb. 11 primary, John Tackeff was busy. John Tackeff, representing the Partnership, queries presidential candidate Tulsi Gabbard on a financial transaction tax at a campaign event in Portsmouth, New Hampshire, U.S., December 31, 2019. Public......

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