WorldNorth AmericaTrade warsPrint articleOpinionWhose idea is Trump’s big, absurd ‘revenge’ tax?Section 899 gives the White House new power to levy up to 20 per cent on foreigners with American investments, which could mean punishing US bondholders.Shuli RenBusiness commentatorUpdated Jun 4, 2025 – 9.53am, first published at 6.45amSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginAn obscure item tucked deep inside President Donald Trump’s “big, beautiful” tax and spending bill is spooking Wall Street.The question is how and why this idea came up in the first place.Loading...Bloomberg OpinionShuli Ren is a Bloomberg columnist covering Asian markets and a former investment banker.SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreTrade warsTrump diplomacyUSAOpinionForeign investmentGlobal economyCompany taxLatest In North AmericaFetching latest articlesMost Viewed In WorldThe Australian Financial Review MagazineWhy these Australian wines are at risk of extinctionMax AllenHow much to tip? And other restaurant conundrums to chew onIbiza’s ditching its party image. It reflects a wider phenomenonBOSS Financial ReviewHow these brothers turned a side hustle into $100mRachael BoltonHow this CEO wrote a report while cooking noodlesThese execs studied offshore MBAs. Here’s what they did nextLife & LeisureThe architect of Melbourne’s Eureka Tower is inviting you to his homeMax AllenThese innovative electric ferries look like nothing else on the water‘I was always constrained by budgets, but not with AI’Rich ListShuffle follows Stake into the gutterPrimrose RiordanToorak Rich Listers caught up in mansion fire‘How very Sydney’: Justin Hemmes forced to unleash charm offensive
