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Tariffs apply to imported _goods_. Services like software are not imported goods. import aws;
by p_ing 2y ago
Tariffs apply to imported _goods_. Services like software are not imported goods.
import aws;
- lysace 2y agoHence the scare quotes. This seems like an unusual situation.
- p_ing 2y agoIt's unusual in that it is being done. But tariffs are paid for by the importer to the customs agency that is handling the good at the port of entry. Customs doesn't handle services. The BBC article you linked also points out that it is for goods.
- lysace 2y agoThe risk I'm considering is that the EU may need to wade into involving services in its response to reach parity.
- actionfromafar 2y agoWhat we are discussing is: from __future__ import service_tariffs
- acdha 2y agoTariffs are just a kind of tax, so this objection doesn’t really change anything because the EU isn’t required to respond in exactly the same manner if the United States started a trade war. They could pass a tax on services indexed to the US tariff rate, for example, and from the buyer’s perspective there would be no difference.
- p_ing 2y agoTariff has a specific meaning. What you're referring to would be a tax/fee rather than a tariff. Tariff is for imports/exports of goods.
- acdha 2y agoI think you might have misread my comment: I used “tax” hoping to avoid this kind of valueless pedantry. This isn’t a board game where the EU is going to say “darn it, I can’t do anything because only have goods counteractions and you have services!”, they have plenty of smart economists and lawyers who can plan corresponding taxes to rebalance things.