The Organization for Economic Co-operation and Development (OECD) Global Tax Deal (Global Tax Deal)

President Donald Trump has issued a memorandum rejecting the OECD Global Tax Deal, stating it undermines U.S. sovereignty and economic competitiveness by imposing foreign tax policies on American businesses. The directive instructs the Treasury and U.S. representatives to notify the OECD that previous commitments to the deal are invalid without congressional approval. This move could lead to heightened international tax tensions and potential retaliatory measures against American companies, while also sparking debate over the balance of power between the executive branch and Congress in international agreements.