POLITICS_ President Trump eyes border tax on Mexico, China and Germany

AFRWEEKEND


Jan 29 2017 at 11:55 AM
Updated Jan 29 2017 at 2:33 PM

President Trump eyes border tax on Mexico, China and Germany

by John Kehoe



Peter Navarro wants the US to entice advanced manufacturing production onshore. Bloomberg


The Trump White House favours a "flexible" border adjustment tax targeting countries with which the United States runs big trade deficits, including Mexico, China and Germany, the President's top trade and industry adviser said.

Peter Navarro, a sceptic of free trade, wants the US to entice advanced manufacturing production onshore to mirror Germany's high-end industrial sector so manufacturing can account for 20 per cent of American jobs.

The author of Death By China: How America Lost Its Manufacturing Base vowed the President would clamp down on "cheating" by China for dumping cheap government-subsidised steel and aluminium.

Mr Navarro said the illegal practices had cost thousands of manufacturing and coal jobs in industrial states such as Ohio, Pennsylvania and West Virginia.



A Mexican flag monument in Tijuana, Mexico. President Trump flagged a 20 per cent tax on all imported goods from Mexico to pay for the border wall between the US and Mexico. Justin Sullivan


An unconventional Harvard-educated economics professor who bemoaned America's "chronic and large trade deficits", Mr Navarro expressed support for a modified version of a radical border adjustment tax being pursued by Republican leaders in the House of Representatives.

"There is no question we need a border adjustable tax of some kind," Mr Navarro said on Saturday (AEDT) at the White House.

READ MORE: http://www.afr.com/news/politics/world/president-trump-eyes-border-tax-on-mexico-china-and-germany-20170128-gu0pci

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