Rising imports make the case for Trump's border adjustment tax in Australia
- Written by Giovanni Di Lieto, Lecturer, Bachelor of International Business, Monash Business School, Monash University
Australia currently has a trade deficit, where what we import outweighs what we export. Amid the ongoing debate on the benefits of globalised trade and jobs, a Trump style border adjustment tax could be one solution.
It’s commonly assumed that rising imports are a drag on the economy, as they subtract from the GDP equation. The...
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