In a significant political shift, U.S. Treasury Secretary Scott Bessent is urging Congress to drop the controversial Section 899 tax proposal following a groundbreaking agreement with G7 nations. This move could alter the landscape of U.S. corporate taxation as Trump aims to fulfill his promise to exit the OECD tax deal.
A leading international policy group warns that global economic growth is set to slow to just 2.9% due to Donald Trump's tariffs. The OECD has revised forecasts for both the US and UK economies, highlighting rising trade tensions and economic uncertainty.
The OECD has downgraded its global economic growth forecasts due to President Trump's proposed tariffs, predicting slower growth in the U.S., Canada, and Mexico. How will these changes impact the economy?
