Trump Warns "We Are Going To Be Imposing A Very Major Border Tax", Will "Cut Regulations By 75%"

One look at the Dollar Index in the last week and it's clear just how 'variable' President Trump's position has been on trade and so-called 'border adjustments'. In the space of a few days, he has swung from being against a border adjustment, to possibly being for it, and now today confirming that "we are going to impose a major border tax." Yen, Peso, and Loonie are all sliding further on the headline.

Specifically, as the clips below show, Trump promised business leaders a "very major" border tax and said he would cut regulations by 75%. Trump held a breakfast meeting with the business leaders he named to an advisory panel on manufacturing, led by Andrew Liveris, chief executive officer of Dow Chemical Co. Other business leaders at the morning meeting with Trump included Michael Dell, chairman and CEO of Dell Inc.; Jeff Fettig, chairman and CEO of Whirlpool Corp.; Mark Fields, president and CEO of Ford Motor Co.; and Marillyn Hewson,chairman and CEO of Lockheed Martin Corp.

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