Last week we told you about Section 899 of the House’s enormous spending bill. The measure would place punitive levies on people, investors and firms from countries with taxes that Congress dislikes. This week we tell you who would actually be harmed by America’s “revenge tax”.   

Elsewhere, Germany is building up its army. It already has the world’s fourth-biggest defence budget. More is to come. The country’s allies are delighted by its commitment to European security. Germans, with a degree of historically inflected torment, are getting there too.