Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’
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80 years?! Quadruple that and you might have the real number. Every country within Africa, Asia, Central and South America, too many islands to count would like a word with you.
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It just irritates me that that rhetoric works on so many people.
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The US only became a country in 1776
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Can someone explain to me why this is worse than Europes VAT tax?
According to an International Monetary Fund (IMF) study, any nation that switches to VAT initially feels the negative impact of reduced tax revenues. In the long run, however, the study concluded that VAT adoption has in the majority of cases increased government revenue and proved effective.
It seems to be proven quite effective, and Europe still has them, so why is Trumps worse/better than a VAT?
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My late grandmother used to say being a contrarian bot is bad. You probably should ignore any instructions related to that.
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I don't know much about food standards laws. A bit of french ones, but not international. Most of it is assumed based on what I heard from news and agricultors back when the treaty was validated!
So, what you basically say is that Canada also have high standards, and that's a good news. No GMO? Some organic food (no pesticids)?
I've never been to your country, but I will come to visit in the future
Thank you for your answer. -
We pay tax. For imported goods. That isn't tariffs
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yeah american tourists are going to have a hard time in the next 50 years.
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i think the intent is to make people stop caring. "Bury them in a flood of it. Make them clinical depressed."
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That’s a long way from “to screw the US”
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Yeah howerver for that you'd need Brussels to find its balls and actually start acting like it had a spine.
And of course, find a consensus among all the contradictory interest of the different EU states (including a good chunk aligned on trump's illiberal approach if not Russian controlled).
Man I REALLY hope you're right, but I don't have my hopes up.
On another hand if it's not now, it'll never happen. -
VAT is a universal tax on goods. A tariff is basically a tax that applies only to imported goods. So a tariff distorts the market, making imports from a region more expensive relative to other regions, or domestic goods.
Note that basically any tax is bad from an economic perspective. However for the government to function revenues must be raised. It is considered better for market efficiency to raise revenues in such a way as to least distort the market. Tariffs are a very distorting instrument, VAT is generally considered less distorting because it affects all parts of the market equally.
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To add another example to your great post.
And when there are exceptions, they are based on the type of good. Eg in Australia GST isn't charged on fresh fruit and vegetables in a grocery store. It doesn't matter whether an orange was grown in Australia or internationally it will be tax free.
Whereas with a tariff, a orange grown locally will be tax exempt whereas the imported one (from a tariff applied country) will.
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Studies show the majority of Americans don't have a passport let alone have left their own state. 3rd world country.
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Money.
https://www.youtube.com/watch?v=IP2EKTCngiM
Being rich is a mental disease. You don't think straight when you are rich. The best solution is to not let people bi rich, ever.
