Republican leaders announce end of border tax proposal

Reuters News
Posted: Jul 27, 2017 2:28 PM

By Ginger Gibson

WASHINGTON (Reuters) - U.S. Republican leaders announced an end to the House of Representatives Republican proposal to institute a border tax on items imported into the United States as part of a tax overhaul deal struck between congressional and administration negotiators.

It is a victory for large retailers and other importers who lobbied aggressively against the proposal, including a coalition that included automakers like Toyota and stores like Target, Autozone and Best Buy.

(Reporting by Ginger Gibson; Editing by Leslie Adler)