Trump’s halt of US law banning business bribes abroad raises specter of a ‘Wild West’ of dealmaking
To its fans, it’s an undeniable force for good in a corrupt world, a groundbreaking anti-bribery statute that has brought powerful businessmen to heel for secretly paying off foreign government officials to win contracts abroad. To detractors, the Foreign Corrupt Practices Act unfairly hobbles American companies while foreign rivals not so encumbered swoop in. On Monday, President Donald Trump took a side.
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