Economy

The president also agreed with his counterparts to "swiftly" renegotiate the treaty. Mr Trump has blamed Nafta for hollowing out America's manufacturing sector by relocating jobs to lower-cost Mexico - which his administration initially said was the main target of changes he was seeking to the accord.
  • Diageo PLC reiterated as Buy By HSBC

    Economy

    Societe Generale maintained Meggitt plc (LON:MGGT) on Thursday, October 29 with "Hold" rating. The company was maintained on Wednesday, November 16 by Cantor Fitzgerald. The Company's segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and global Websites serving approximately 70 countries; NEXT worldwide Retail, with approximately 200 mainly franchised stores; ...
  • Trump administration unveils sweeping tax reform plan

    Economy

    Denise Welsh, the president of the Silicon Valley Association of Realtors, said getting rid of the state and local tax deduction - which includes property taxes - and incentivizing the standard deduction could "cripple" the Bay Area housing market.
  • Trump team girds for battle from both sides on tax plan

    Trump team girds for battle from both sides on tax plan

    Economy

    Still, "I would never, ever bet against this president". Despite the details provided Wednesday, the proposal leaves significant open questions that could affect its impact on taxpayers and the economy. Mainly US multinationals support around 400,000 Irish jobs directly and indirectly and the US remains one of Ireland's biggest export markets. The standard deduction for married couples would almost double to $24,000, but other deductions for state and local tax payments would be ...
  • Ann Coulter backs out of Berkeley speech

    Ann Coulter backs out of Berkeley speech

    Economy

    It was announced on Wednesday that Coulter's speech had been canceled after the YAF - which has previously backed her against criticism - pulled out. The New York Times and Reuters initially reported that Coulter would "likely" cancel her speech and that she had canceled her speech, respectively.
  • Wall Street closes lower after Trump tax plan reveal

    Wall Street closes lower after Trump tax plan reveal

    Economy

    Trump's tax proposal plans to cut corporate tax rate to 15 percent from 35 percent "to make US businesses the most competitive in the world", Secretary of Treasury Steven Mnuchin told reporters at the White House . The Trump plan contains few details, with the staff able to outline it on a single sheet of paper. Still, the proposal could reduce the tax burden for the wealthy by substantial amounts, including by eliminating the catch-all alternative minimum tax , which takes an ...
  • Browns say they've known the No. 1 pick for two weeks

    Economy

    She accused him of raping her in a room at the Westin later that morning. Conley's attorney, Kevin Spellacy, told WOIO-TV in Cleveland that the allegations are "ludicrous and ridiculous". Conley was named in a police report that details the allegations but no information has been forwarded to prosecutors. Sources say the two met at the bar where the video was taken.
  • White House launches office for victims of illegal immigrant crime

    White House launches office for victims of illegal immigrant crime

    Economy

    The rollout comes as Trump approaches the 100-day marker of his presidency and has faced setbacks on his top immigration proposals, which were the core of his campaign. But advocates charge that the office paints immigrants "with the brush of collective guilt" and "dehumanizes" them. According to DHS, ICE has 27 victim-assistance specialists across the country who possess a "high degree" of specialized victim-assistance expertise and training.
  • Major tax cuts could cost government trillions, says UH professor

    Economy

    Until more details are known, it is hard to know exactly how some taxpayers will fare. Nearing his 100-day mark, US President Donald Trump unveiled a one-page plan that proposes deep tax cuts, a move meant to please multinational corporations and wealthy taxpayers who would benefit from these tax cuts.
  • White House: Trump will not immediately pull out of NAFTA

    White House: Trump will not immediately pull out of NAFTA

    Economy

    He blames Nafta for the loss of millions of USA industrial jobs, mostly to Mexico. "Both conversations were pleasant and productive", it said. The Trump administration last month submitted a vague set of guidelines to Congress for renegotiating NAFTA, disappointing those who were expecting Trump to demand a major overhaul.