Promise of tax cuts and making up with China all in a day’s work for Trump
One of the big stories from the White House on Thursday was the US president’s pledge to cut the tax burden on businesses, which helped lift global stock markets
Washington — One of the big stories from the White House on Thursday was President Donald Trump’s promise to cut the tax burden on businesses, which helped lift global stock markets in early trade on Friday. Here are the main events in the Trump administration: Taxes Trump plans to announce the most ambitious tax reform plan since the Reagan era in the next few weeks, the White House says; the dollar and stocks rise after the announcement, despite signals from congress that the timeline for tax reform is slipping. China Trump agrees to honour the US "One China" policy during a phone call with Chinese President Xi Jinping, as he takes steps to improve ties after angering Beijing by talking to Taiwan’s leader. A White House statement said the two leaders had a lengthy phone conversation and discussed numerous topics. Immigration A US federal appeals court in San Francisco unanimously upholds a temporary suspension of Trump’s order that restricted travel from seven Muslim-majority coun...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.