The President Elect told the Wall Street Journal that the border-adjusted tax was “too complicated” and could result in a “bad deal.” The news rallied retail stocks in general and some major importers like Nike and VF Corp. were also up, though Under Armour fell on reports of a disappointing Holiday season, worries about future orders and slowing of the Curry basketball business as the Eager Beavertons cut MSRPs on key signature sneakers.

Elaborating further on his opposition, Trump questioned one of the main justifications by Republican backers of the plan that the tax would cause a significant rise in the ... Log in to view full article.