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Tag: GILTI regulations
Dollar Slumps to Six-Week Low Amid Trade Tussles and Tax Uncertainty: A Legal-Policy Analysis
Dollar Slumps to Six-Week Low: The U.S. dollar recently fell to a six-week low against a basket of currencies, reflecting market anxieties over escalating trade disputes and lingering tax-policy uncertainties (Reuters, 2025). On June 2, 2025, the dollar’s slide was driven by renewed fears of retaliatory tariffs following the imposition of Section 301 measures on select Chinese imports and anticipation of congressional deadlock over comprehensive tax reform (Reuters, 2025). Observers point to a complex interplay between domestic tax law ambiguities—stemming from incomplete revisions to the Tax Cuts and Jobs Act of 2017 (Pub. L. 115-97)—and international trade tensions under the Trade Act of 1974 (19 U.S.C. § 2411 et seq.).