US Business

Trump says to slap allies Japan, South Korea with 25% tariffs

President Donald Trump announced tariffs of 25 percent on Japan and South Korea on Monday, stepping up pressure on the two key US allies and a dozen other economies to reach trade deals with Washington.Trump issued similar letters to South Africa, Malaysia, Myanmar, Laos and Kazakhstan, saying he would slap duties on their products ranging …

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‘Jurassic World: Rebirth’ roars to top of N.American box office

“Jurassic World: Rebirth” — the latest installment in the blockbuster dinosaur saga — stomped the July 4th weekend competition at the North American box office, raking in a whopping $91.5 million in its debut, industry estimates showed Sunday.The Universal film, starring Scarlett Johansson, Jonathan Bailey and Mahershala Ali, takes viewers to an abandoned island research …

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White House says Canada ‘caved’ to Trump on tech tax

The White House said Monday that Canadian Prime Minister Mark Carney had “caved” to President Donald Trump, after Canada dropped a tax on US tech firms that prompted Trump to call off trade talks.”It’s very simple. Prime Minister Carney and Canada caved to President Trump and the United States of America,” Press Secretary Karoline Leavitt …

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Canada rescinds tax on US tech firms in hopes of Trump trade deal

Canada will rescind taxes impacting US tech firms that had prompted President Donald Trump to retaliate by calling off trade talks, Ottawa said Sunday, adding that negotiations with Washington would resume.The digital services tax, enacted last year, would have seen US service providers such as Alphabet and Amazon on the hook for a multi-billion-dollar payment …

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