Browsing: US Lead Story

Analysts warn that Section 899 of the “One Big Beautiful Bill”—Donald Trump’s proposed retaliatory tax on foreign entities—could deter investment by imposing a tax starting at 5 %, rising to 20 %, on companies from countries that levy “unfair” taxes on US entities.

Elon Musk publicly acknowledged on X early 11 June that he “regret[s] some of my posts about President @realDonaldTrump last week. They went too far,” following a heated public feud sparked by his criticism of Trump’s sweeping “One Big Beautiful Bill” and allegations tying Trump to Jeffrey Epstein’s withheld files.