Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’
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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. -
Not really, that is what "being more competitive" actually means. Using leverage to secure the best deal possible.
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Capitalism-lover hates competition. Interesting.
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It's literally all explained for the whole line in a chart on half of a single page. What are you even talking about? It's broken down by data speeds and charging wattage. How much simpler can you get?
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Capitalism strives to make money. Competition means profit margins shrink. So yes capitalists are against competition.
That is one of the many reasons listening to companies is not good economic planning for countries.
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Do you really think Krasnov cares now that he is king?
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2025 - 1776 = 249
80 x 4 = 320
Way closer than 80 years.
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Based on an overwhelming amount of economic studies of tariffs in the last 100 years, the EU should ignore it. Why enact tariffs on American goods and make life more expensive for Europeans? Studies show EU businesses will raise prices accordingly. The citizens will be worse off.
However, based on our knowledge of how politicians act, they'll take the bait and retaliate, thus making things more expensive for EU citizens.
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Canada has higher standards, but not as high as they should be. To be clear, the food we sell locally will not necessarily meet EU standards (but most probably would anyway), but the food we sell to you must meet EU standards.
Also, we love visitors to Canada. Toutes mes excuses, le français Québécois est très différent du français parlé en Europe.
I hope you do visit.
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Maybe not "do nothing" but I like the remove certain products from shelves. Like stop the sale of American alcohol from shelves.
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Slap 100% tariffs on the bloc of united states, as a courtesy.
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I said 80 plus years. US hegemony also didnt start really taking off until after WW2. Before that they mostly focused on native genocide and being horrible to the Mexicans.
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Special K if Elon is any indication
