So, What Is a Border Adjustment?
It’s a lot more complicated (and comprehensive) than a tariff.
On Thursday, White House press secretary Sean Spicer said something that for a minute, people believed that the Trump administration intended to raise funds for a border wall by imposing a 20 percent tariff on all imports from countries with which the U.S. runs a trade deficit— including Mexico. It soon became clear that Spicer was not talking about a tariff per se, but something more like the House GOP’s, just an idea he was floating.)
