It may be that a part of Trump’s logic is very simple: remodel the US tax system so that everything coming into the country attracts a levy but, in return, the public sees income tax rates slashed.
“By the way, I do think at the end of the day, there will be an across-the-board tariff imposed by Trump,” says Mr Moore.
“He’s talked about this, that if you’re bringing something into the United States whether it’s from Britain, whether it’s Mexico, Canada, China, Europe, you’re going to pay a little bit more but if something is made in the United States, he’s going to lower the tax. And to a lot of Americans, that’s a very attractive proposition.”
Mr Moore has suggested a 15% universal tariff on all imports from everywhere in order to fund a cut in income tax rates down to 15%.
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