president trump allowing him to make good on one of his main campaign promises but not one democrat today voted for the reform washington as politically polarized as ever and this reform has all of the hallmarks of america first in terms of trade and doing business abroad and europe s five biggest economies they are warmed the finance ministers of germany france italy britain and spain have even written to the u.s. treasury secretary warning that the tax reforms could be illegal by violating international fair trade agreements we will talk about that fear in just a moment here is how u.s. president trump reacted today when the bill was passed by congress. this is this is going to mean companies are going to be coming back you know i campaigned on the fact that we re not going to lose our companies anymore they re going to stay in our country and they re going to stay in our country and you ve been seeing what s
been happening even at this prospect but they have tremendous enthusiasm right now in this country and we have companies pouring back into our country we are going to bring at least four trillion dollars back into this country money that was frozen overseas and it parts in worlds and some of them don t even like us and they had the money well they re not going to have the money long and. it s really. i guess it s very simple when you think you haven t heard this expression but we are making america great again you haven t heard that. you know the word has heard that many times and what does it mean tonight with me here at the big table is nicholas castles he is an analyst in transit when the politics of familiar face here at e.w. especially when we re talking about economic ties between the european union and the us it s good to have you here so we just heard the u.s. president saying that this is a huge victory historic victory for whom. this leak is after
adjustment tax that taxes imports even for american producing companies like wal-mart. or. to wal-mart because they are the biggest they import a good many goods from abroad. reply them resell them repackage them they need these international supply lines without them they don t make a profit so it hurts american businesses in the long run the border adjustment tax because every import becomes more expensive in a situation where the american economy is not producing too many goods as we all know there are. importing alliance and thereby violate international trade all right well i m still there weren t what about europe s concerns though i mean i asked at the beginning of the show where you re forced to pick up the trump tax tab is there anything that the e.u. can do if it s facing a situation that could create a tax war or trade war i don t think that a tax war is looming because especially continental europe depends on its taxation