Feb 13, 2017

Big in Business: the Trump-Trudeau summit

Topic number one for Canadian PM Justin Trudeau when he visits the White House Monday will be trade. Trudeau has much less to lose than Mexico in a NAFTA reorganization, as a dissolution of the agreement would leave in place the terms of a U.S.-Canada deal inked in 1987 that would soften the blow a U.S. withdrawal from NAFTA would deal. On the other hand, a recent study shows that Canada's economy would suffer from passage of border-adjusted tax reform.

Swiss corporate tax reform shot down by voters: Swiss voters rejected a proposal to lower corporate taxes over the weekend, bucking the trend of ever-lower corporate income duties as countries vie to host economically auspicious multinational firms. The referendum corroborates the ascendency of populism in the West, and the movement's willingness to ruffle corporate feathers.

California plans the future of the auto industry

: Detroit car makers are hopeful that the Trump Administration will roll back new emissions standards put forth in the waning hours of the Obama Administration, but the EPA isn't the auto industry's most dogged regulator. California has stringent emissions standards of its own.Mary Nichols, the head of California' air-quality regulator,

told the Wall Street Journal

"California's vehicle future is electric." Given the size of California's market, the auto industry's is too.

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In photos: India welcomes president with massive "Namaste Trump" rally

First Lady Melania Trump, President Trump and India's Prime Minister Narendra Modi attend the "Namaste Trump" rally at Sardar Patel Stadium in Motera, on the outskirts of Ahmedabad, on Monday. Photo: Mandel Ngan/AFP via Getty Images

President Trump told a massive crowd at a rally in Ahmedabad, northwest India, Monday he hopes to reach a trade deal with his ""true friend" Prime Minister Narendra Modi during his two-day visit to the country "except he's a very tough negotiator."

Why it matters: The countries are forging deeper ties, particularly in the military dimension, as India’s location, size and economic growth making it the "obvious counterweight to China" for American policymakers, per Axios' Dave Lawler and Zachary Basu. Prime Minister Narendra Modi demonstrated the importance of the visit with a "Namaste Trump Rally" at a packed 110,000-capacity Sardar Patel Stadium in Ahmedabad — the world's largest cricket venue.

Go deeperArrowUpdated 17 mins ago - World

Coronavirus spreads to more countries as cases in South Korea surge

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Afghanistan, Kuwait and Bahrain each reported their first cases of the novel coronavirus, Al Jazeera first reported, as infections in South Korea, Italy and mainland China continued to increase on Monday.

The big picture: As South Korea and Italy stepped up emergency measures in efforts to thwart the spread of the virus, World Health Organization officials expressed concern about infections with no clear link to China. COVID-19 has killed at least 2,619 people and infected almost 80,000 others, with all but 27 deaths occurring in mainland China.

Go deeperArrowUpdated 30 mins ago - Health

Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

Go deeperArrowUpdated 6 hours ago - Politics & Policy