Top Treasury officials are privately explaining to GOP senators that Section 899 of the House-passed budget bill is already forcing foreign countries to the negotiating table, according to administration officials.

Why it matters: Critics are calling the provision a "revenge tax." But the Trump administration sees Section 899 as an important tool — like tariffs — to help negotiate better deals for American multinational corporations. • While Trump officials are signaling to senators a willingness to make changes to the provision, they are also making the case for why it should stay in Trump's "one, big beautiful bill," officials said. • Some Republican senators, including Sen. Thom Tillis (R-N.C.), have expressed reservations about the provision.

Zoom out: On his first day in office,

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