U.S., EU Near Deal on Non-Tariff Trade Irritants

The U.S. and European Union appear to be nearing a deal on multiple non-tariff trade issues from deforestation rules to the treatment of U.S. tech companies in Europe—but the fate of looming tariffs set to be imposed by each trading partner remains unclear.
A draft 'agreement on reciprocal trade' circulated by the U.S. Trade Representative's office lays out tentative deals on a litany of specific trade issues, including the EU's Digital Markets Act, its carbon-based border tariffs, shipbuilding and more, according to people with knowledge of the text, who said the agreement appeared to be close to final but emphasized it could change in the coming days and weeks.

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Exclusive-Democrats want new leaders, focus on pocketbook issues, Reuters/Ipsos poll finds

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That issue matters to Sam Boland, 29, a Democrat in Minneapolis, who views Super PAC money as a way to 'legally bribe' candidates. 'Politicians want to keep their jobs and are afraid of the impact that publicly funded elections might have,' Boland said. Along that line, 86% of Democrats said changing the federal tax code so wealthy Americans and large corporations pay more in taxes should be a priority, more than the 72% of those surveyed think party leaders make it a top concern. The Republican-controlled Congress is currently pushing forward with Trump's sweeping tax-cut bill that would provide greater benefits to the wealthy than working-class Americans. Anthony Rentsch, 29, of Baltimore, said he believes Democratic leaders are afraid to embrace more progressive policies such as higher taxes on the wealthy. 'A lot of Trump's success has been with populist messages, and I think there's similar populist message Democrats can have,' Rentsch said. 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Trump and TSMC pitched $1 trillion AI complex — SoftBank founder Masayoshi Son wants to turn Arizona into the next Shenzhen

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Turkey Boosts Reserve Rules on Some Deposits to Support Lira

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