Bloomberg News Now June 29, 2025: Canada-US Trade Talks to Continue, Trump Bill Debate, More
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Jun 30, 2025 Explore the latest shifts in Canada-U.S. trade relations, including Canada's withdrawal of its digital services tax. Tune in for urgent updates on a shooting incident involving firefighters and President Trump's remarks on TikTok's potential sale. There's also a preview of key economic data releases, such as the June jobs report. Discover how proactive troubleshooting is transforming workplace efficiency, featuring a case study on a UK retailer's success with innovative solutions.
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Canada-US Trade Talks Resume
- Canada is rescinding its digital services tax to facilitate a comprehensive trade agreement with the U.S.
- President Trump and Canadian Prime Minister agreed to resume negotiations aiming for a deal by July 21st.
Senate Bill Deficit Debate
- The U.S. Senate debates a tax and spending bill adding $3.3 trillion to deficits over 10 years.
- GOP leaders negotiate closely to secure passage amid criticism over large cuts to Medicaid and SNAP.
Tillis Opts Out Amid GOP Pressure
- Senator Tom Tillis opposed the tax bill and will not seek re-election after Trump's threat of a primary challenger.
- Republicans aim to hold the Senate despite opportunities seen by Democrats.