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1.Market Observations, 8.Was Sticky

31 Jan 2017 (AFR) – Donald Trump’s border adjustment tax ‘could send the world into a recession’

(31 January 2017, AFR, p7, by Misa Han)

‘The Trump administration’s plan to introduce a “flexible” border adjustment tax targeting Mexico, China and Germany could trigger a global recession, a KPMG expert has warned. KPMG partner Grant Wardell-Johnson said US President Donald Trump’s border adjustment tax – if it was ultimately imposed on Australian goods – would be “very damaging” for Australian companies that export to the US and has the potential to “send the world into a recession”. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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