Top U.S. Scissors Maker Says It Fears China, Not a Trump Border Tax
- Border tax isn’t concern for company selling low-cost products
- Acme United CEO says Chinese exports are bigger worry
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Acme United Corp., a leading supplier of scissors and cutlery, would have no problem absorbing a three to five percent border adjustment tax given the company’s focus on inexpensive products, Chief Executive Officer Walter Johnsen said Thursday at the Bloomberg Breakaway roundtable discussion about President Donald Trump and global trade.
"We can pass that through in part; we can become more efficient,” Johnsen said. “It would generate -- on a broad base -- a lot of cash to be deployed in health-care reform, maybe, or infrastructure or deficit reduction, so I don’t think it’s crazy.”