The EU is stepping down under Trump pressure. Social Democrats: We've given back billions

In the shadow of the customs war, the expanding global competition and political uncertainty of the G7 state have concluded an agreement which, as the Social Democrats are warning, threatens to undermine the foundations of global taxation justice. On 28 June 2025, following the conclusion of the Kananaskis Summit (Canada), a compromise was announced between the G7 and president Donald Trump's administration, which exempts American corporations from the principles of a global agreement on...