Treasury Secretary Scott Bessent has formally asked Congress to delete a controversial provision buried in President Donald Trump’s newest budget plan. The section, known as Section 899, would’ve allowed the US to slam companies and investors from other countries with additional taxes,

U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked Republicans in Congress to scrap the Section 899 retaliatory tax proposal from their tax and spending bill after Washington reached an agreement with Group of Seven industrial countries.