Walmart and Target are joining up with more than 100 other retailers under the banner Americans for Affordable Products to fight Republican plans for a “border adjustment tax” as part of tax reform.
The border tax would in effect impose a 20% levy on imported goods in an effort to encourage job creation in the U.S. (and also pay for The Wall). But opponents say the tax would be paid by Americans in higher prices. The new coalition intends to drive home the latter message.
