It was what Wall Street wanted. And this week at least, it’s what Wall Street is getting: A market-friendly Donald Trump – talking up policies to boost growth and lower taxes, while dialing back plans to immediately disrupt the world trading order. Despite the protectionist threats of the campaign trail, Trump held off on imposing…
A key economic priority for President Trump this year is to extend the provisions in his signature Tax Cuts and Jobs Act, a 2017 law that lowered tax rates for most Americans, before they expire at the end of 2025. Now, Republican lawmakers have developed a 50-page laundry list of ideas for how to pay…
President Donald Trump stepped up pressure on Russia to negotiate an end to the war in Ukraine, and threatened financial penalties on the country if it refuses to conclude fighting swiftly. In a Truth Social post on Wednesday, Trump said Russian President Vladimir Putin should make a deal “soon,” or else he would “have no…
A man in China whose 10 million yuan (US$1.4 million) lottery jackpot was falsely claimed by another person has won a lawsuit demanding the money back. However, the man, surnamed Yao, has still not received his winnings after a five-year battle to secure his rights. The case has attracted huge attention on mainland social media…
President-elect Donald Trump made claims about the history of U.S. tariff collection as he defended his plan to raise tariffs on goods from countries like China and Mexico in a news conference this week, claims historians say are at odds with the facts. In particular, Trump exaggerated the impact of tariff hikes during his first…
In 2017, Norway set a goal of eliminating sales of fossil-fuel-powered cars by 2025. At the time it seemed like little more than a feel-good fantasy to soften the image of a government led by Erna Solberg, a conservative advocate of oil production who’d earned the sobriquet “Iron Erna.” But as the deadline approaches, it…
Why are investors excited about Trump’s upcoming term? – CBS News Watch CBS News President-elect Donald Trump returned to his hometown of New York City on Thursday to ring the opening bell at the New York Stock Exchange. Wall Street investors seem to have embraced the incoming administration as all three major indexes have hit…
President-elect Donald Trump has promised to impose 10% tariffs on all imports from China as soon as he takes office next month. But that might be difficult to achieve fully because tens of billions of dollars worth of goods will probably escape those import taxes due to loopholes and undercounting of how much is actually…
China is cutting taxes for home purchases, as the government tries to put a floor under falling prices and sustain an improvement in housing transactions. The nation cut home purchase deed taxes to 1% for first- and second-house buyers of flats of 140 square meters and below, from a current level of as much as…
Hong Kong — President-elect Donald Trump has threatened to slap up a tariff of up to 60% on all goods imported to the U.S. from China. While that may sound like a potent economic threat to a country where economic growth is already faltering, could it actually be just what China needs? “I do expect…