"Revenge tax" being yanked from "big, beautiful bill," Bessent says

[Fiendish Thingy]

3. My guess:

Carney, Starmer and the leaders of other nations most likely told Bessent if the tax went through, they would liquidate all their holdings of treasury bonds, all at once, crashing the US economy and collapsing the value of the dollar.

Let’s hope this decision sticks.