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

This memorandum declares that commitments made by the prior administration under the OECD Global Tax Deal have no force or effect in the United States absent an act of Congress. It directs the Secretary of the Treasury and the Permanent Representative of the United States to the OECD to so notify the OECD, and directs the Secretary of the Treasury and the United States Trade Representative to take additional implementing steps. It further directs the Secretary of the Treasury, in consultation with the United States Trade Representative, to investigate foreign tax rules that are extraterritorial or disproportionately affect American companies and to deliver findings and a list of options for protective measures to the President within 60 days.

• Treasury

No timeline provided for notice to the OECD.

Impose a 10% ad valorem duty on all PRC-origin goods — effective May 14, 2025

No known legal challenges.