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Any other President would have left the EU's 26%* tariffs on America in place, while Trump is trying to get them all removed (or equal) It's not like there was
by explain 2y ago
Any other President would have left the EU's 26%* tariffs on America in place, while Trump is trying to get them all removed (or equal)
It's not like there was a zero-tariff situation before Trump's second term
* 5% avg tariff + then 20% avg VAT
- clipsy 2y ago> 5% avg tariff + then 20% avg VAT So, 5% tariffs.
- af78 2y agoWho calls the US sales tax a "tariff"? Calling the EU VAT a "tariff" is just as wrong.
- Trasmatta 2y agoI have a trade deficit with my local grocery store, I buy goods from them every week with a high sales tax tariff. But they don't import anything from me! I'm now implementing a blanket 100% base tariff on all grocery stores in the world.
- Trasmatta 2y ago> Trump is trying to get them all removed No he's not
- rsynnott 2y agoArgh, this isn’t how anything works. Do you think that EU products are VAT-exempt or something? Also, I mean, realistically most stuff that Europe buys from the US isn’t _final consumer products_; the VAT gets applied further down the chain. I’m struggling to think of a major US import that _is_ a final consumer product. Some alcohol, I suppose? (Also, per the World Bank, the EU’s weighted effective tariffs (ie based on what is actually traded) are 1.39% (a little lower than the US’s pre-Trump II positioning); not sure where you got 5%.)