#StablecoinLaw

Trump announced taxing nations putting special digital service taxes on US tech firms

Ludovic Subran, Chief Investment Officer at Allianz SE, has raised concerns about Section 899, a controversial provision in President Donald Trump’s sweeping financial legislation.

According to Subran, the tax rule could cause the dollar to drop by 5% and lead to a fall in stock prices if it gets implemented. 

Wall Street analysts widely agree that the measure would further erode foreign investor confidence. Already shaken by Trump’s unpredictable trade tactics and growing concerns over the US’s worsening fiscal outlook, international investors may see Section 899 as yet another deterrent to holding American assets—once considered a global safe haven.