Economic Policies

The treasurer said there would be no change to taxing unrealised capital gains.

The rules require that all mandatory fees be disclosed upfront, except for taxes and shipping charges.

The tax bill includes Trump’s campaign promises such as no tax on tips and overtime. It also increases the state and local tax deduction cap to $30,000.

Economists have weighed in and say the only upside to the economy is that inflation has moderated.

While the president suggested that exemptions from the 10 percent baseline are possible, he said only countries offering ‘exceptional’ terms may see relief.

Analysts say the United States has an advantage in the trade dispute, while China sees surge in business closures and rising unemployment.

The treasury secretary urged Congress to raise the debt limit by mid-July before it goes into recess.

Critics say the UK gave up long-term leverage for short-term fixes, as farmers and MPs call for more transparency and protections.

The auto market may slow in the second half of 2025 because ’strong demand likely pulled some transactions forward,' says one expert.

The president said China had far more to gain than the United States.

Kevin Rudd takes aim at Trump’s idea to slap 100 percent tariffs on foreign films, questioning its impact on cultural icons like Australia’s Bluey.

The president says the deal with the ‘highly respected country,’ will be the first of many.

Opposition politicians have criticised a provision in Tuesday’s deal exempting some temporary Indian workers from national insurance payments.

Consumers can expect to pay as much as $8.44 per gallon on average, says the report.

Trump’s economic agenda ‘is bearing fruit,’ says Treasury Secretary Scott Bessent.

This week is all about the Fed. The Fed governors hinted that Friday’s healthy jobs report makes a rate cut this week less likely.

‘I expect that we can see a substantial reduction of the tariffs that we are being charged,’ he says.

Imports grew by 4.4 percent to a record high of $419 billion as businesses bolstered their purchases before the government announced further tariffs.

The deal follows three years of talks and is set to boost several sectors which are hit especially hard by U.S. tariffs.

The government said that the ’temporary guarantee‘ will ’stop the continued damage’ to Israeli industry.