The following excerpt is from an article that originally appeared on Newsmax
Is fiscal war the new currency war?
President-elect Donald Trump’s threat to impose a “major” border tax on U.S. manufacturers that make products abroad to sell in the U.S. could fuel the next leg in the post-election dollar rally, some analysts reckon.
In his first post-election press conference, Trump doubled down on his proposal to impose policies aimed at boosting onshore production of U.S. goods and services through penalties on imports. “There will be a major border tax on these companies that are leaving and getting away with murder,” Trump said on Wednesday, without elaborating. “You’ve got a lot of places you can move,” he added. “As long as it’s within the U.S.”
His pronouncement on Wednesday followed a Jan 3. tweet in which the Republican castigated General Motors Co. for its Mexico car plant, channeling the “make-where-we-sell” political movement.
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across…post was originally published on this site