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Trump and Retail CEOs Meet to Discuss Tax Code Revisions

February 22, 2017

President Trump has called for tax code revisions in an effort to better the economy. In a meeting with the heads of major retailers such as Best Buy (BBY.N), Target (TGT.N), Autozone (AZO.N), Walgreen’s (WBA.O), JC Penny (JCP.N), JoAnne and Tractor Supply Co. (TSCO.O) the group of retailers discussed their opposition to the border tax on imported goods, which has U.S companies on opposing sides and could very well lead to the dismissal of the border tax. Large exporters such as Boeing (BA.N), General Electric Co. (GE.N), and Pfizer (PFE.N) have banned together to support the import tax. In addition, the groups also met with tax-writing congressional committee leaders to discuss tax reforms.

Trump meets with retail CEOs to talk taxes, imports