Re:Trump temporarily drops tariffs to 10% for most countries
by ks6g10 on Wednesday April 09, 2025 @05:53PM
(#43638429)
I think you have the wrong understanding, VAT is applied irrespective of origin, so the same reduction would apply to domestic products.
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)
Re:Trump temporarily drops tariffs to 10% for most countries
by 8note on Wednesday April 09, 2025 @08:40PM
(#43639501)
it is however unfair that the US takes advantage of europe by mot having proper food and safety standards, not to mentioning using slave and undocumented labour.
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
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?