Day: June 27, 2025

President Trump said he was ending all trade discussions with Canada in retaliation for its digital services tax, and threatened to impose a fresh tariff rate.

Senate Republicans appear to be making progress in resolving differences with House Republicans in the state and local tax deduction and other matters.

The agreement involved raising the limit on the state and local tax deduction to $40,000 a year for five years.

The remarks give Republican negotiators additional breathing room as lawmakers remain at loggerheads over several issues in the massive economic package.

Voting 6-3, the justices rejected contentions that Congress unconstitutionally handed off its taxing powers.