The House GOP's plan to implement a border adjustable tax to even out the United States' trade deficit will take center stage this week as Republican leaders are expected to meet with President Trump to discuss trade, and experts from different perspectives will discuss the implications of the possible shift in U.S. tax policy at multiple public events.
[Daily News| January 30, 2017 |Inside US Trade]
Trump on Jan. 30 is also slated to meet with the National Economics Council where a number of trade issues -- including the border adjustable tax and potential renegotiation of the North American Free Trade Agreement -- could come up. Earlier on Jan. 30, Trump met with small-business leaders before signing an executive order requiring the elimination of two regulations for every one regulation added.
A meeting between Trump and the congressional leaders with jurisdiction over trade policy -- Senate Finance Committee Chairman Orrin Hatch (R-UT) and House Ways & Means Committee Chairman Kevin Brady (R-TX) -- that was slated to take place on Jan. 26 was canceled at the last minute and rescheduled to this week.
A White House spokeswoman told Inside U.S. Trade the meeting had been postponed because trade “is a bipartisan issue, and as a courtesy, we wanted [Senate Finance Committee ranking member Ron] Wyden (D-OR) to be able to join us.”
A Wyden aide told Inside U.S. Trade on Jan. 26 that the senator was never officially invited to join the meeting.