If a proposal recognises its standalone intrinsic value. In other news donald trump has been laying out his economic plans should he become president. Trump repeated calls to cut taxes and regulation and is earmarking a governmentjob for controversial billionaire elon musk. Here is ritika gupta with the latest. The main highlight of donald trump s address was a push to cut the corporate tax rate to 15% for companies that make their products here in the us. This would be a big reduction from the current rate of 21%. A key policy victory from trump s own 2017 tax law set to expire in 2025. Now, while a 15% corporate rate would be a big win for large us companies, it would also contribute to rising deficits. It means big companies would end up paying far lower rates than smaller, privately held businesses, where rates can be as high as 37%. His proposal is in stark contrast to his rival, kamala harris, who has called to raise the corporation tax to 28%. Trump s proposals also include an
China s President Xi Jinping has asserted that the Cold War Style is still affecting the world and the geo-political situation is getting tense. In his address to the open plenary session of the 15th BRICS Summit in the South African city of Johannesburg, Xi said that BRICS countries should keep to the direction of peaceful development and consolidate the strategic partnership of the bloc.