US EditionTrump’s ’Revenge Tax’ Could Threaten Investment
- Donald Trump’s tariffs and trade policies have sparked concern as UK exports to the US fell by $2 billion in April 2025.
- This decline follows Trump’s tariff threats and policy actions, which companies and economists say have created uncertainty and shifted preferences toward Asian markets.
- Make UK reported firms now prefer Asia, and manufacturing growth forecasts for the UK in 2026 were cut from +1% to-0.5% due to the weaker US trade outlook.
- Chamath Palihapitiya highlighted a $600 billion boost to the US economy from tariffs, revenue, and savings, but analysts estimate actual new investments total closer to $134 billion.
- The tariff-driven uncertainty may reduce foreign direct investment, risking job losses and economic slowdown despite administration claims of economic gains.
18 Articles
18 Articles
Business lobbyists declare war on GOP measure buried in Trump's megabill
Business lobbyists are working overtime to kill a measure in the GOP tax bill that would allow foreign companies to collect additional taxes from American technology companies, The New York Times reported Monday. The provision is buried in the GOP's "One Big Beautiful Bill Act." It would effectively...
Business lobbyists are working to end a measure of Republican tax policy legislation that would punish companies based in countries trying to collect new taxes from U.S. companies. The momentum comes when Senate Republicans prepare to introduce their domestic policy bill on Monday, which will ultimately need to be passed and merged with the legislation passed by the House of Representatives last month.
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