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Trump's Second Term: Implications for Economy and Global Relations

posted 4 days ago

Trump's Second Term: Implications for Economy and Global Relations single-panel cartoon

“Avoid tax yoga: it's untaxable and unsightly.”

The Treasury is urging Congress to remove a tax provision from Donald Trump's budget that affects foreign investments. Scott Bessent suggests that an agreement with G7 nations could prevent the implementation of Pillar 2 taxes on American companies, impacting Washington's economic strategy.

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