Retailers, Mexican Peso Gain as Border Tax Chances Falter: Chart

The Border Adjustment Tax included in the initial Republican tax reform proposal may not make it to the final bill, at least in its current form, Deutsche Bank said in a note Wednesday. The fading expectations are benefiting U.S. retail stocks and the Mexican peso, which would likely suffer if Congress includes the BAT as part of its potential tax revamp. Companies such as Wal-Mart Stores Inc. are seen as a barometer for any changes in tax policy, while the U.S. is Mexico’s largest trading partner.