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Tariffs 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 Unit
by acdha 2y ago
Tariffs 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.