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BEIJING Artem Anisimov Blackhawks Jersey , Aug. 15 (Xinhua) -- China's Ministry of Commerce on Tuesday expressed ""grave concerns"" about an executive memorandum signed by U.S. President Donald Trump to direct a trade representative to examine the so-called China's intellectual property practices.0 ""We hope that the U.S. trade representative respects facts and acts with prudence,"" the ministry said in a statement on its website.
If the U.S. side fails to respect basic facts and multilateral trade rules, and takes measures that harm bilateral economic and trade relations, ""China will definitely not sit by Alex DeBrincat Blackhawks Jersey , but take all appropriate measures to resolutely safeguard its legitimate rights and interests,"" it said.
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Delicious in-flight meal for BRICS Summit
In pics: Daofu Tibetan houses in SW China's Sichuan
In pics: lotus flowers amid morning mist in E China
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The Republican-controlled US House of Representatives gave final approval on Wednesday to the biggest overhaul of the US tax code in 30 years, sending a sweeping US$1.5 trillion tax bill to President Donald Trump for his signature.
In sealing Trump’s first major legislative victory since he took office in January, Republicans steamrolled opposition from Democrats to pass a bill that slashes taxes for corporations and the wealthy while giving mixed Brent Seabrook Blackhawks Jersey , temporary tax relief to middle-class Americans.
The House approved the measure by 224-201, passing it for the second time in two days after a procedural foul-up forced another vote on Wednesday. The Republican-led Senate had passed it 51-48 in the early hours of Wednesday.
“We are making America great again,” Trump said, echoing his campaign slogan at a White House celebration with Republican lawmakers. “Ultimately what does it mean? It means jobs Anthony Duclair Jersey , jobs, jobs, jobs.”
Trump, who emphasized a tax cut for middle-class Americans during his 2016 campaign Marian Hossa Jersey , said at an earlier Cabinet meeting that lowering the corporate tax rate to 21 percent from 35 percent was “probably the biggest factor in this plan.”
It was uncertain when the bill would be signed. White House economic adviser Gary Cohn said the timing depended on whether automatic spending cuts triggered by the legislation could be waived.
The administration expects the waiver to be included in a spending resolution Congress will pass later this week, a White House official told reporters. Cohn told Fox News Channel on Wednesday night that Trump could sign the bill as soon as today if the resolution was passed by then.
“If not, most likely we’ll sign it in the first week of the new year,” Cohn said.
In addition to cutting the US corporate income tax rate Gustav Forsling Jersey , the debt-financed legislation gives other business owners a new 20 percent deduction on business income and reshapes how the government taxes multinational corporations along the lines that the country’s largest businesses have recommended for years.
Wall Street’s main indexes were little changed on Wednesday, taking a breather after a month-long rally ahead of the long-anticipated tax vote. The S&P 500 has climbed about 4.5 percent since mid-November, led by a rally in sectors such as transport, banks and others that are expected to benefit the most from lower taxes.
Under the bill John Hayden Jersey , millions of Americans would stop itemizing deductions, putting tax breaks that incentivize home ownership and charitable donations out of their reach, but also making tax returns somewhat simpler and shorter.
The bill keeps the existing number of tax brackets but adjusts many of the rates and income levels for each one. The top tax rate for high earners is reduced. The estate tax on inheritances is changed so far fewer people will pay.
Once signed, taxpayers likely would see the first changes to their paycheck tax withholdings in February. Most households will not see the full effect of the tax plan on their income until they file their 2018 taxes in early 2019.
In two provisions added to secure needed Republican votes Brandon Saad Jersey , the legislation also allows oil drilling in Alaska’s Arctic National Wildlife Refuge and removes a tax penalty under the Obamacare health law for Americans who do not obtain health insurance.
(Agencies)
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GENEVA, Nov. 28 (Xinhua) -- An estimated 21 million people worldwide are trapped in conditions of contemporary slavery, including some five million children, the office of the United Nations High Commissioner for Human Rights said Monday.
""Slavery is not something that belongs to the past but a cruel reality of our age,"" the office said in a media statement announcing an upcoming event which will showcase the extent of modern-day slavery.
The event, entitled ""Revealing the Child Faces of Modern Slavery"", will be organized by the UN Human Rights Office to mark International Day for the Abolition of Slavery on December 2.
The event is also to mark the 25th anniversary of the UN Voluntary Fund on Contemporary Forms of Slavery, which since it was established in 1991 has supported more than 400 organizations worldwide and, through them, tens of thousands of men, women and child victims of various forms of today's slavery.
In 2016, the Fund issued grants to projects in 34 countries, helping more than 29,000 victims, a third of whom were children, the UN rights office said.
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