big story

President Trump secured Initial concession I agree with Canada and Mexico on Tuesday to pause the US trading partner for one month.

© AP communication

25 % of tariffs to Canada -The scheduled to start on Tuesdays came after Trump and Canadian Prime MinisterJustin TrudeauThe second conversation on Monday.

Mr. Trump agreed to work to secure the northern border and fight to fight Fentanil's flow to the United States, and that it would implement it. $ 1.3 billion border plan I agree to take other measures to secure a border.

“As a president, it is my responsibility to ensure the safety of all Americans, and I am doing it exactly. I am very satisfied with this first result, and the tariff announced on Saturday. Pause for 30 days and make a fairness for the final economic trading!

Tordeau has outsular in Canadian plans, announcing a suspension on the social platform X. This is appointed “Emperor Fentanyl”, lists the cartel as a terrorist, and is open 24 hours a day at the US border “securing eyes 24 hours a day.” The United States undertakes crimes, Fentanyl flow, and money laundering.

Both Trump and Trudeau signed a new Intelligence report on organizational crime and Fentanyl, and said they had raised $ 200 million.

The agreement with Canada reflects the same trading as Trump's 25 % tariffs in Mexico, hitting President Mexican, Claudia Shainbaum early on Monday.

They announced that Mexico would be dispatched to the US border, with 10,000 soldiers who were in charge of illegally stopping Fentanyl and immigrants.

Saturday Trump signed both Mexico and Canada's tariffs and 10 % of China. There is no announcement of Chinese tariffs, but the Ministry of Commerce has said that it will file a legal lawsuit against the United States in a World Trade Organization.

Welcome to the hill Business and economy newsletterARIS FOLLEY and TAYLOR GIORNO cover the intersection between Wall Street and Pennsylvania Avenue.

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Tax -watch

Welcome to the tax watchThe Hill's Business & Economy Newsletter's new features focus on tax reforms and promotion to extend this year's 2017 Trump tax cuts.

Republicans are comparing and examining a novel approach to tax issues.

Republican members are considering new solutions to deal with mathematics, which is difficult to handle legislative agenda in the face of a large -scale budget deficit, a deep desire to reduce taxes, and the reduction of the bitter budget reduction. 。

According to the exclusive Washington Post released on the weekend, the GOP leadership “reduces billions of dollars”, which was reduced by the Congress Budget (CBO) of about $ 4.6 trillion. I reported that it was decided.

“Republicans do not take into account the cost of tax reduction, but they will claim the forecast of increasing the federal income due to the growth of the hoped private sector,” the post report quoted the source. I'm doing it.

In a policy story, this writing is known as a GOP “Policy Base Line”, which is different from the current law base line. As with the basic step -up in capital gain at the time of death, the policy baseline allows you to reset your budget clock at zero, ignoring your previous income loss.

A $ 4.6 trillion price tag that extends the expired Trump tax reduction based on the law (only the basics of what the Republican members are looking for in tax bills) must be considered. It will not be.

-Tobia Subanz

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