3 ms·
Is this really any different than EU applying import duties and VAT? I'm not seeing what the big deal is here.
by giantg2 2y ago
Is this really any different than EU applying import duties and VAT? I'm not seeing what the big deal is here.
- lgeorget 2y agoIn the case of VAT, it applies equally to national and foreign companies.
- ImHereToVote 2y agoImport duties aren't imposed by an orange man.
- hyperpape 2y agoVAT is categorically different--it is applied to both domestically and foreign produced goods. I believe import duties are similar to tariffs, and open to criticism on the same grounds.
- dboreham 2y agoVAT is what Americans call sales tax (yes I know it's slightly different, but not for the purposes of this discussion). Imported goods into the US are subject to sales tax too, if the sate where the buyer lives has sales tax. Quite amazing that people on HN are swallowing the disinformation on this.
- giantg2 2y agoWhat disinformation are you talking about? Part of VAT is paid during import (rather than after production for domestic goods) and applied to the item. These values could be different whether produced or imported, right?
- insane_dreamer 2y agoVAT is a sales tax. Tariffs are a sales tax. But while VAT is an "honest" sales tax (meaning it's transparent to users), tariffs is a "dishonest" sales tax (consumers don't realize they're being taxed). The problem is that Trump is telling voters that he is _decreasing_ their taxes, whereas he's actually _increasing_ them.