The statement appeared to align the administration with the BAT, which House Republicans consider an antidote to value-added tax systems in many countries that tend to benefit foreign exporters and raise the price of imports. It is designed to incentivize companies to manufacture domestically. But Trump, in an interview in the Wall Street Journal two weeks ago, expressly stated his opposition to the BAT.
Spicer’s math for the $10 billion in annual revenue appeared to come from applying the 20 percent tax to the U.S. trade deficit with Mexico, which was $49.2 billion for goods and services in 2015
Trump has repeatedly stated, articulating the philosophy of Chief Strategist Steve Bannon, that multilateral trade deals have damaged the United States and he wants to replace them with bilateral deals in which the United States can exert its muscle to get more favorable terms.
We should not have to relearn the lessons of history