The Republican’s proposed Border Adjustment Tax now has a big new opponent.
Recognizing there’s power in numbers, 100 businesses and trade associations representing a variety of different product and service categories banded together to form the Americans for Affordable Products (APA) coalition. The group hopes to persuade lawmakers to drop the overhaul plans.
According to the group’s website, apparel-related members of the new organization include Abercrombie & Fitch, Nike, Gap Inc., Kohl’s, LVMH, Macy’s, Payless ShoeSource, Wolverine Worldwide, Target and Ross Stores. The list also encompasses automotive, restaurant, pet goods, housewares and furniture corporations as well as myriad associations, including the Consumer Technology Association and the Society of Chemical Manufacturers & Affiliates.
The variety in the list shows the far-reaching effects the BAT would have on everyday life.
Read more on Sourcing Journal.