BAT Bites
Retail Has Good Reason to Hate a Border Tax
Shoppers have proven they will balk at higher prices.
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Chief executives from retailers including J.C. Penney Co., Target Corp. and Best Buy Co. went to Washington on Wednesday to implore President Trump not to follow through with pledges to tax stuff sold in the U.S. but made abroad.
Lobbying from companies against the so-called border adjustment tax (BAT) might not be enough to sway Trump, who based much of his campaign on bringing manufacturing back to the U.S. But the American consumer might be.