Legislation being advanced by Republicans in Congress would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade.
Legislation being advanced by Republicans in Congress would substantially increase the tax bills for many foreign companies that operate in the United States, raising more than $100 billion over a decade.
Officials from both sides are meeting on Monday in London, aiming to resolve differences over tariffs and supply chains that have endangered a fragile truce between the countries.
U.S. Treasury Secretary Scott Bessent, right, with He Lifeng, China’s vice premier for economic policy, during bilateral trade talks in Geneva, Switzerland last month.
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