• SHARE

Apparently, the U.S. administration of President Donald Trump hasn’t tired of picking trade fights with allies and partners. Last month, the United States announced that it was withdrawing from international talks on tax reform — negotiations driven by the rise of electronic commerce — and threatened to retaliate against countries that adopted new taxes without its participation in the discussions.

The U.S. position reflects a pro-business outlook that is hostile to all new taxes, coupled with the Trump administration’s disdain for international agreements that it does not dictate. Rejection of years of work does the world a disservice; the likely patchwork of taxes that will follow will harm the businesses his administration wants to protect.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)