The 'revenge tax' buried deep in the budget bill could turn a trade war into a 'capital war,' analyst says

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The 'revenge tax' buried deep in the budget bill could turn a trade war into a 'capital war,' analyst says

//travel-leisure.news-articles.net/content/2025/ .. a-trade-war-into-a-capital-war-analyst-says.html

Published in Travel and Leisure on Saturday, May 31st 2025 at 18:26 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Section 899 of the "One Big Beautiful Bill" moving through Congress has raised growing alarms on Wall Street.

2025-05-31 312 x 156 / 95448 Bytes

The article from Fortune, published on May 31, 2025, discusses the introduction of the "Revenge Tax" under Section 899, which is part of a larger budget bill proposed by former President Donald Trump. This tax aims to impose tariffs on goods from countries that have previously implemented tariffs on American products, escalating what is described as a "capital war." The bill, dubbed the "One Big Beautiful Budget Bill," seeks to retaliate against nations perceived to have economically harmed the U.S. through trade policies. Critics argue that this move could lead to increased global trade tensions and potentially harm the U.S. economy by sparking retaliatory measures from other countries. Proponents, however, believe it will protect American industries and jobs by leveling the playing field in international trade.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/31/revenge-tax-section-899-one-big-beautiful-budget-bill-trump-tariffs-capital-war/ ]