What Trump’s border tax could mean for retail companies like Target
Share Now on:
Chief executives of some of America’s largest retailers will meet with President Donald Trump today to talk about job creation and the economy.
They’re also bending the ears of members of Congress to express opposition to a possible border adjustment tax, which is part of a House Republican blueprint for tax reform. The proposal would, among other things, levy a 20 percent tax on imported goods.
That’s unappealing to the heads of import-reliant companies like Best Buy, Target and Gap Inc.
Click the above audio player to hear the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.