US Administration announces 34% tariffs on China

Re:US Administration announces 34% tariffs on China – 20% on EU by carlosjobim on Friday April 04, 2025 @06:31AM (#43580316)

European VAT is significantly higher than any US sales tax, reaching as high as 25% or more. Also, foreign manufacturers do not get any VAT credits.

Also, every person in the US can import goods to a value of $800 per day without having to pay any duties. In Europe you have much less generous rules, and sometimes the limit is €0.

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Re:US Administration announces 34% tariffs on China – 20% on EU by roflyear on Friday April 04, 2025 @09:26AM (#43582016)

Are you for these recent tariffs?

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Re:US Administration announces 34% tariffs on China – 20% on EU by carlosjobim on Friday April 04, 2025 @11:52AM (#43584180)

I'm not American so I think they can do whatever they want.

And as long as taxes on labour exist, I don't think anybody can complain about other types of taxes. Any negative economic impact that tariffs or any other taxes have are doubly worse from taxes on labour.

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Re:US Administration announces 34% tariffs on China – 20% on EU by roflyear on Saturday April 05, 2025 @12:47PM (#43594773)

America is a massive consumer, so it will likely impact other countries, too.

I've been seeing your perspective a lot lately online - that this will somehow cancel income tax. Where is that coming from? I haven't heard a single thing about that from the administration. Where is the basis?

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