Originally published on www.theguardian.com on March 9, 2017, by Kenneth Rogoff

The Republican party of the US is laying the groundwork to institute a border adjustment tax with hopes to discourage imports and encourage exports. Kenneth Rogoff, Professor of Economics and Public Policy at Harvard University and winner of the 2011 Deutsche Bank Prize in Financial Economics, considers the pros and cons of such a tax. Read more about how the border adjustment tax could affect the United States’ economy.