"Anlian: Trump's fiscal plan Article 899 is like capital control, which may cause US stocks to fall by 10% and the US dollar to depreciate by 5%."

Ludovic Subran, chief investment officer at Allianz, stated that in the massive fiscal plan proposed by US President Donald Trump, there is a foreign tax provision that, if implemented, could lead to a 5% drop in the US dollar and trigger a stock market selloff. Subran said that if this provision goes into effect, it would be a "huge and scary moment" for the market. He predicts a 10% selloff in the stock market, a 5% depreciation of the US dollar, and a 0.5 percentage point increase in US bond yields.