Swiss Economicblogs.org
Summary: Part of the US Republican tax reforms call for a border adjustment. It will tax imports fully and not exports. This will likely be challenged at the WTO. Many economists say the dollar will automatically appreciate by 20%. WE are bullish the dollar but skeptical of the logic here. While hearings on US President-elect Trump’s nominees will begin this week, the Republicans are preparing dramatic changes...
Read More »The Better Way: Backing into Smoot-Hawley and Repeating the Flaws of PPP
