G7 Grants US Exemption from Minimum Tax Amid Looming Tariff Deadline
G7 Grants US Exemption from Minimum Tax Amid Looming Tariff Deadline The Group of Seven (G7) nations have reportedly agreed to exempt U.S. firms from new global minimum tax rules, a move aimed at de-escalating burgeoning trade tensions with the United States. This significant development comes as the European Union and the U.S. approach a critical July 9 deadline, with U.S. President Donald Trump having threatened substantial tariffs, potentially as high as 50 percent, on European goods if a trade…