1) President Trump was primarily elected because of his agenda America First. Based on this thesis President Trump has proposed the following:
a) Impose a tax on imports of products from Mexico. This tax would be partially used to build a wall.
b) Label China a CURRENCY MANIPULATOR since they are artificially keeping their currency low in relation to the US.
If both (a) and (b) are actually enforced what would be the effect on companies such as:
a) Walmart, Target, Ford, GM
Please do not try to provide very general answers. Try to relate it with financial statements especially income statements Cash flows and its effect on firm value.