One Big Beautiful Bull@$#!: Trump’s move challenges foundations of remittance flows, affecting India’s economy and diaspora

Donald Trump's proposed 'One, Big, Beautiful Bill' introduces a 5% tax on remittances from the US, significantly impacting countries like India, which receives substantial funds from its diaspora. This policy raises concerns about reduced financial flows, potential economic instability, and a shift towards informal remittance channels. India is exploring countermeasures like bilateral exemptions and diaspora funds to mitigate the impact.