Trump reduces US trade deficit

In Uncategorized on 19/01/2018 at 4:22 pm

OK, OK, it has happened yet but watch and wait because NYT Dealkbook late last yr (but before the tax on overseas earnings was fixed at 15.5%) reportrd

Tech companies like Microsoft that stash huge amounts of foreign profits offshore are set to take a hit from the overhaul, which would impose a 10.5 percent tax on overseas earnings, according to the WSJ.

That could induce some to return to the United States, which, as the WSJ points out, could reduce the country’s trade deficit.

At a rate of 15.5% more could be induced to return, reducing further the deficit.

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