The 'Big and Beautiful Act' promoted by Trump, specifically Clause 899, can be considered a killer, triggering global capital turbulence. This clause imposes punitive taxes on foreign enterprises operating in the U.S., up to 20%, which not only makes giants like Shell, Toyota, and LVMH restless, but also alerts the U.S. domestic fund industry.
The Investment Company Institute (ICI) warns: This provision may lead to a 'rapid withdrawal' of foreign capital, triggering turmoil in the U.S. stock market, affecting $18 trillion in assets. If capital outflows become a reality, American companies and investors will face a 'double blow.' The intention may be to combat 'tax injustice,' but the result could be cutting off the lifeblood of wealth. In an era of globalization, if policies detach from reality and cooperation, it may not be a 'beautiful bill,' but rather an 'expensive cost.'