Trump declares that the OECD tax agreement has “no force or effect” in the US Via Reuters

(Reuters) – President Donald Trump on Monday signed an executive order declaring that the low-tax trade agreement sponsored by the Biden administration and negotiated with more than 100 other countries is “of no force or effect” in in the US that prevents an act of Congress from accepting. the covenant.

“This memorandum restores our Nation’s sovereignty and economic competitiveness by making clear that the Global Tax Deal has no force or effect in the United States,” the memorandum said. The document was one of a rush of orders and actions taken by Trump on his first day in office.