Congress should think again about foreign investor tax: UK ambassador to US

British Ambassador to the U.S. Peter Mandelson is appealing to Congress to think again about the proposed new retaliatory tax on certain foreign investment in the US.

"I think that there's something wrong in principle that you should punish a country's businesses and individuals in America because you don't like what their governments are doing at home," Mandelson said of Section 899 of the House's "big, beautiful bill" to implement Trump's agenda.

Section 899 would create...