China leads objections to Trump carve-out on global minimum tax
Beijing and several European countries hold up deal to exempt US multinationals from OECD tax regime
Beijing and several European countries hold up deal to exempt US multinationals from OECD tax regime

Carve-out for big American companies was agreed when Ottawa held G7 presidency

President claims other countries’ digital levies hurt American companies while ignoring China

US trade representative holds off increasing tariffs until 2027

US officials have been warned to avoid tough moves against Beijing as Stockholm hosts third round of negotiations

Wealthy individuals are rethinking trading strategy as Beijing tries to fill its coffers to counter economic pressure

Beijing’s export offensive could be more destabilising than Trump’s tariffs