Group 1 - The U.S. Treasury announced an agreement with G7 allies to exempt U.S. companies from additional tax burdens in certain overseas markets, in exchange for the removal of the "retributive tax" clause from Trump's tax legislation [1] - Treasury Secretary Scott Bansen stated that the OECD's second pillar tax scheme will not apply to U.S. companies, and the implementation of this agreement will be advanced within the OECD-G20 inclusive framework [1][2] - The "retributive tax" clause, aimed at countering perceived discriminatory tax policies against U.S. companies by countries like those in the EU, Canada, and Australia, raised concerns on Wall Street about its potential to hinder foreign investment in the U.S. [1][2] Group 2 - Market reactions have been relatively stable, with the Bloomberg Dollar Index declining for the fourth consecutive day, U.S. Treasury yields rising, and the S&P 500 nearing historical highs [2] - The removal of the "retributive tax" clause from budget negotiations may relieve investor concerns, although it remains uncertain whether the market anticipated this clause would ultimately become law [2] - The OECD's global minimum tax proposal, which requires multinational companies to pay at least a 15% tax rate in each jurisdiction, faced opposition from the U.S. government, which emphasized the need for U.S. tax policy to remain independent from OECD frameworks [3]