Canada Drops Digital Tax to Restart U.S. Trade Talks
Canada has scrapped its planned digital services tax targeting U.S. tech firms to revive stalled trade negotiations with the Trump administration. The reversal, made just before the tax was to take effect, follows U.S. pressure and aims to smooth relations ahead of a potential deal by July 21.
Canada Drops Digital Tax to Restart U.S. Trade Talks
Canada has scrapped its planned digital services tax targeting U.S. tech firms to revive stalled trade negotiations with the Trump administration. The reversal, made just before the tax was to take effect, follows U.S. pressure and aims to smooth relations ahead of a potential deal by July 21.
U.S. Warns of Iranian Cyber Threats to Defense Sector
State Department spokesperson Tammy Bruce warned that Iranian-linked hackers could target U.S. companies and critical infrastructure, especially those connected to Israeli defense firms. The advisory urged heightened cybersecurity as officials cited persistent threats, despite no current active attack campaign. Vigilance remains key amid rising geopolitical tensions.
T-Rex Races Take Over Emerald Downs in Washington
Emerald Downs in Auburn, Washington, swapped horses for dinosaurs as it hosted the annual T-Rex World Championship races. Participants in inflatable T-Rex costumes raced down the track, delighting spectators. The quirky event, started in 2017, continues to draw crowds with its mix of fun, laughter, and prehistoric flair.
Jury Deliberates in Diddy’s Sex-Trafficking Trial
Jurors in Sean “Diddy” Combs’ sex-trafficking and racketeering trial began deliberations after closing arguments last week. The panel, comprising eight men and four women, requested clarification on narcotics charges and raised concerns that one juror might not follow legal instructions, adding tension to the high-profile federal case.
Senate GOP Pushes Trump’s $3.3 Trillion Tax and Spending Bill
Senate Republicans are moving forward with President Donald Trump’s massive tax-cut and spending package, despite internal party concerns over its projected $3.3 trillion addition to the national debt. Supporters argue it will spur economic growth, while fiscal conservatives warn of long-term financial risks.
60 Killed in Gaza Amid New US-Led Ceasefire Push
At least 60 people were killed in Gaza as Israeli officials headed to Washington for talks on a new ceasefire initiative by US President Donald Trump, aiming to end months of deadly conflict. The rising death toll adds urgency to the American-led peace efforts.
UK, France, Germany Condemn Threats Against IAEA Chief Grossi
Britain, France, and Germany strongly condemned threats made against IAEA Director Rafael Grossi after an Iranian hardline newspaper called for his execution, accusing him of being an Israeli agent. The European nations expressed full support for Grossi, warning that such rhetoric undermines international nuclear diplomacy and endangers the safety of U.N. officials.
Senate Republicans Advance Trump’s Tax and Spending Bill
U.S. Senate Republicans backed President Trump’s major tax cut and spending package, sparking debate across generations. While older Americans may benefit from reduced estate taxes, younger voters could face long-term debt burdens. The bill highlights growing generational divides over fiscal policy, national debt, and economic priorities heading into 2026 elections.
Dollar Slips to Multi-Year Lows Amid Fed Rate Cut Bets
The U.S. dollar fell on Monday, hitting a near four-year low against the euro and sliding against the yen. Market optimism surrounding potential U.S. trade deals fueled expectations of earlier Federal Reserve rate cuts, weakening the dollar further as investors eyed economic data to gauge the timing of monetary easing.