German Banks Call on Europe to Show Restraint in Tariff Conflict
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Heiner Herkenhoff, managing director of the German Bankers Association
“There is no point in striking back hastily with additional measures,” Herkenhoff said
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Heiner Herkenhoff, managing director of the German Bankers Association
“There is no point in striking back hastily with additional measures,” Herkenhoff said
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Heiner Herkenhoff, managing director of the German Bankers Association
“There is no point in striking back hastily with additional measures,” Herkenhoff said
Thats what Putin said to Zelensky
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Heiner Herkenhoff, managing director of the German Bankers Association
“There is no point in striking back hastily with additional measures,” Herkenhoff said
can't let trump behave like a toddler in tantrum, some firm feedback is needed
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Heiner Herkenhoff, managing director of the German Bankers Association
“There is no point in striking back hastily with additional measures,” Herkenhoff said
Tariffs equal a tax that governments charge on imports. This tax is paid by local/domestic importers, not foreign. The government collects this "tax".
If the government said let's increase taxs the public would be furious at the grocery line. But saying, "let's tarrif other countries" seems to imply that locals won't be paying these taxes.
To retaliate countries should instead tack on a surcharge to exported goods to the US. This cost would then be past onto American importers in a increased cost of goods.
The surcharge to exported goods can be collected by your local government and used as a stimulus for the local economy.
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Tariffs equal a tax that governments charge on imports. This tax is paid by local/domestic importers, not foreign. The government collects this "tax".
If the government said let's increase taxs the public would be furious at the grocery line. But saying, "let's tarrif other countries" seems to imply that locals won't be paying these taxes.
To retaliate countries should instead tack on a surcharge to exported goods to the US. This cost would then be past onto American importers in a increased cost of goods.
The surcharge to exported goods can be collected by your local government and used as a stimulus for the local economy.
So that lowers the margins and volumes of domestic exporters that export to the US even further. Meanwhile American exporters who sell domestically get to keep their margins and volumes.
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So that lowers the margins and volumes of domestic exporters that export to the US even further. Meanwhile American exporters who sell domestically get to keep their margins and volumes.
Yes, put it that way i agree it does not sound good.
A company in the EU for example will be forced to lower its volume of exports of goods and raw materials even further to the US as Americans won't be able to "afford as much". Especially with an export surcharge fee payed for by American importers.
Why should we make things affordable for Americans and not our local population?
A export surcharge fee could mean that any EU companies still currently reliant on goods or raw material imports from the US for the time being have time to adjust without a blanket tax being applied.
My argument is that a "blanket tax" on imports affects the "working class" directly with increased prices of goods locally. If countries all unanimously "fire back" with surcharges on exports, it affects the whole American supply with a increase in cost of goods.
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