It is reported that world leaders are preparing to oppose the tax reform bill of the United States and the party because they believe that some tax adjustments may cause harm to their own economies.

The finance ministers of the five largest European economies, including Britain, France, Germany, Italy and Spain, sent an open letter to US Treasury Secretary Steven Mnuchin on Monday, warning that * * * and the party's "tax cuts and employment bill" would harm the global economy and "may have a major distorting effect on international trade".

The open letter said: "It is very important for the US government to abide by its signed international obligations when exercising its power over domestic tax policies." The finance ministers of the five countries also pointed out that the tax reduction and employment bill violates the rules of the World Trade Organization (WTO) and may lead to legal disputes.

The Tax Reduction and Employment Act proposed a number of adjustments to the US tax law, thus changing the way in which the United States levies taxes on multinational corporations and foreign-funded companies. For example, the above-mentioned finance minister said that taxing the overseas income of American enterprises may unfairly affect their legitimate business relations with American enterprises.

If you go your own way, you are bound to meet with opposition.