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Diana Furchtgott-Roth: This is a straightforward way to fix trade without using Trump’s tariffs

Republican presidential candidate Donald Trump has been criticized for proposing to reform trade agreements and to place tariffs on some imports.

But House Speaker Paul Ryan’s corporate tax plan offers an elegant way to help the unbalanced trade situation without the word “tariffs.” By using expensing, a territorial tax system and border adjustability, exports would face lower taxes and imports would lose their tax advantage. This would encourage companies to increase production in the United States and reduce it abroad.

What is Ryan’s plan, and how would it fill the role of a tariff? Ryan proposes a move to a territorial tax system and a system of border adjustability.

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