«The border adjustable tax, which would in effect place a new 20 % tax on imports while completely eliminating the tax on exports, will force retailers to significantly raise prices on
everyday consumer staples such as food, medicine, clothing, electronics, and home improvement items.
With the ICB, companies doing business with
consumers are divided into providers of goods and providers of services; with the GICS, companies are classified by cyclical / non-cyclical distinctions, or between discretionary spending and the
staples of
everyday life.