President Donald Trump threw a major wrench into the fate of the OECD global tax deal on his first day in office, sparking concerns among the international tax community about the deal being fundamentally reshaped.

Trump issued a presidential memo Jan. 20 stating the global tax deal has no "force or effect" in the US and instructed the Treasury Department to come up with a list of protective measures to impose on any country that enacts discriminatory or extraterritorial taxes against American taxpayers.

This week, Bloomberg Tax reporter Lauren Vella sits down with Scott Levine, Treasury's former deputy assistant secretary for international affairs and top US OECD tax delegate, to chat about the status of the global deal and the impact of the new US administration's position on negotiations.

Levine maps out two scenarios he sees playing out in Paris under the new Trump administration and gives some insight into how countries at the OECD might be feeling about the transition of power in the US.

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