U.S. President Trump's tax plan likely will not include border-adjusted tax - BBG

Felipe Erazo FXStreet

According to an administration official quoted by Bloomberg, U.S. President Donald Trump’s tax plan next week likely won’t include a border-adjusted tax that House Speaker Paul Ryan has proposed.

EUR/USD rallied up after the headlines crossed the wires, to post a fresh session high around 1.0730.

Key quotes (via Bloomberg):

The White House is still debating the idea, according to the official. Trump will release a tax plan for individuals and businesses next week that may not include every component that will go into final legislation, according to a different senior White House official.
The plan -- which Trump said will be released Wednesday -- will contain the administration’s priorities, said one of the officials. Both asked not to be identified because discussions of the plan are private.

Author

Felipe Erazo

FXStreet

Born in Colombia, Felipe Erazo is the American Session Manager at FXStreet. He has been studying journalism with a degree in social communication at the Universidad de Chile.

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