Re:US Administration announces 34% tariffs on China – 20% on EU
by tomp on Thursday April 03, 2025 @05:20AM
(#43567043)
For what it's worth, I bought a $2000 robotic hand from US a year ago, and paid about €400 in VAT and €32 (so like 2%) in import duties / tariffs.
Obviously VAT isn't a "trade barrier", if anything it's a "consumption barrier" and it's the same for every business that EU citizens give money to (i.e. if I bought a robot hand that cost $2000 to make from an EU company, I'd likewise be paying €400 VAT on top of that).
Obviously VAT isn't a "trade barrier", if anything it's a "consumption barrier" and it's the same for every business that EU citizens give money to (i.e. if I bought a robot hand that cost $2000 to make from an EU company, I'd likewise be paying €400 VAT on top of that).