23 Jan 2017
Trump says he is going to cut taxes massively for middle class and companies - RTRS
The US President Donald Trump is out on wires, via Reuters, noting that he is going to cut taxes massively for middle class and companies.
Key headlines:
• Promises advantages for companies that make products in the US
• Firms that move abroad will face major border tax on returning products
• China and Japan make it difficult for the US to sell there
• Thinks he can cut regulation by 75% or more
• Tells execs they can have a meeting with him whenever they need them, maybe even quarterly
The comments provided a much needed respite, with the key US Dollar Index reversing majority of daily losses and currently testing session top near 100.60 region.