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World leaders think Trump’s tax overhaul is dangerous, and they’re getting ready to fight back





Wolfgang Schaeuble Steven Mnuchin

  • The finance ministers from the five-largest European economies sent a letter to Treasury Secretary Steven Mnuchin warning that the GOP tax bill could be negative for the world economy and violate international rules.
  • Chinese officials are also preparing policy changes to try to mute the impact of the tax bill.

World leaders are preparing to confront the Republican tax bill, anticipating that some of its policy adjustments could harm their economies.

Officials in major European economies and China are readying themselves for policy responses that could counteract some the effects of the GOP’s Tax Cuts and Jobs Act (TCJA).

The finance ministers read more >>>

Source:: BusinessInsider.Com

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