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US Congress plots big tax cut for private credit investors

时间:2010-12-5 17:23:32  作者:Middle East   来源:Data  查看:  评论:0
内容摘要:A woman who lived in a flat nearby said, "No-one could take away my happiness. I still can't believe that we came back. May God protect those who took the country back."

A woman who lived in a flat nearby said, "No-one could take away my happiness. I still can't believe that we came back. May God protect those who took the country back."

In this atmosphere, worrying but incorrect ideas can start to infect confidence. For example, there was a "whodunnit" about significant selling of US Government debt just after the original tariff reveal.Some speculated it was China. But Tokyo currently happens to be the biggest overall creditor to the US. Was this Japanese selling that helped make the case to Trump for the tariff pause, an almost deliberate diplomatic tactic? Two very well connected officials suggested this scenario to me, which shows the febrility right now, even though it seems implausible.

US Congress plots big tax cut for private credit investors

While Bessent commanded the weekend airwaves in the US having assumed control of this process, it was still quite something to see him sending the message that "Investors need to know that the U.S. government bond market is the safest and soundest in the world". If you have to say it…Another significant finance minister told me of his global counterparts that "no one was crawling to the Americans" given the unbeatable effectiveness of the US having to negotiate with its own bond market.Amid the uncertainty, no one seems to know if the "baseline" universal tariff of 10% is even negotiable. President Trump's message that tariff revenue could be sufficient to "completely eliminate" income taxes for "many people" would rather suggest that it will stay.

US Congress plots big tax cut for private credit investors

"It depends on who you talk to on which day of week… I've heard three different positions articulated on the baseline, one by the White House, one by the Commerce Dept, and one by a US Trade representative," said one senior G7 official. "Do you know what the final outcome will be? Whatever the president wants at that moment, shaped by industrial, market and political issues," I was told.This is of particular interest to the UK, because the baseline bites the UK hard. Alongside big tariffs on cars which are our biggest goods export and likely further ones on pharmaceuticals, our second most important export, the US hit to the UK appears inexplicable when by the White House's own creative definition of "trade cheating" - running a goods surplus - the US is actually slightly "cheating" the UK.

US Congress plots big tax cut for private credit investors

I put this point to the Chancellor several times over two interviews in Washington. She diplomatically rejected that suggestion.

But eventually right at the end of our last interview, strolling around the famous reflecting pool in between the Lincoln Memorial and the Washington Monument, she volunteered something rather telling of the changing world. "I understand why there's so much focus on our trading relationship with the US but actually our trading relationship with Europe is arguably even more important, because they're our nearest neighbours and trading partners," she told me. It caused a bit of a fuss back home, but it was not an off the cuff gaffe.Prime Minister Sir Keir Starmer met with senior police leaders on Thursday to offer them his "full backing".

, charged with murdering three girls and attempting to murder eight other children and two adults in Monday's knife attack. He was named as Axel Muganwa Rudakubana.Dal Babu, former Ch Supt and firearms commander in the Met, has blamed the disorder on the "reckless" spread

about the identity of the suspect charged in the stabbing.Speaking on BBC R4's Today Programme, Mr Babu said the police have taken the "unprecedented" decision to confirm the suspect "was born in this country".

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