EU has already had tariffs on US goods for a long time.
Just so we're all on the same page, instead of maga talking points.
What percentage is VAT in Europe? Typically around 20%? Maybe Trump should enact a 10% sales tax instead of a tariff and then everyone would obviously be completely fine with it, problem solved.
The world wouldn't care if he introduced a federal 10% sales tax (provided it was implemented similar to VAT, ie. non-protectionistic)
The WH repeats this lie constantly. Anytime they get pushed on the absurdity of tariffs they mention VAT like it's in anyway related. The right wing outlets then amplify and we further dumb down America.
The difference between sales tax and tarrifs is it applies to all products within the same category irrespective of its origin.
Same way it reduces the consumption of domestic goods? Seems like fair level?
No, it does not seem fair for Europe to take measures to dramatically reduce European consumption of US exports when the US does not take measures to dramatically reduce consumption of European exports. To be fair, the US would need to do something to dramatically reduce US consumption of European exports.
And I happen to know just the guy to do it.
Seems like fair level?
To simplify,
US product for sale for £100, then VAT would be £20 ( assuming 20% rate)
UK product for sale for £100, then VAT would be £20 ( assuming 20% rate)
same thing with privacy, the US is abusing europe by not having comprehensive privacy standards equivalent to the GDPR. only california is not defrauding the EU
Uhm, it also reduces consumption of locally produced goods, not just something imported into Europe. Its like...a sales tax, the only reason it is treated differently from a sales tax at all is because of its more fair rebate system.
If Trump wants to implement a 10% sales tax on everything purchased in the US that would not be considered a tariff and no one would retaliate.