Border Adjustment Tax: Companies with exposure to the US

Global financial markets are eyeing more details on Trump's proposed Border Adjustment Tax

Global financial markets are eyeing more details on US President Donald Trump’s proposed Border Adjustment Tax (BAT), which taxes imports to the US and incentivises outbound trade. 

Border adjustment tax forms a part of a comprehensive tax reform that includes tax reforms such as lowering the corporate income tax from 35% to 20%, excluding tax on exports and imposing a tax of 20% on imports. 

As with any policy, the finer details such as which products will ultimately be taxed, rate of taxation and the exemptions are not yet known. However, given President Trump's stance on localisation and employment, any