Albanese welcomes US dumping ‘revenge' tax
Australian investors will be spared from Donald Trump's so-called 'revenge tax' after an intervention from his Treasury Secretary.
This comes as Scott Bessent posted on X, saying, 'I have asked the Senate and House to remove the Section 899 protective measure from consideration in the One, Big, Beautiful Bill.'
It follows lobbying from both the Prime Minister and the Treasurer.
'This would adversely impact Australian investment if it had been implemented,' Mr Albanese said at a recent press conference.
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