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Why is VAT a factor ? It applies to all goods not ust imported goods. All countries raise taxes from somewhere. It seems fair enough.
Why is VAT a factor ? It applies to all goods not ust imported goods. All countries raise taxes from somewhere. It seems fair enough.Australia has VAT (GST) of 10%. The UK has VAT of 20%. Many in the US don’t like those regressive (unfair?) consumption taxes, yet seem fine with other countries having them.
The tariffs would have to be permanent to influence corps to relocate. Otherwise its not worth the bother. But trump is too erratic to be relied on /Tha application of tariffs and their intended purpose is muddled as well, since initially they were about stopping illegal immigration at the US' northern and southern borders, and these cover bringing back manufacturing to the US and getting lower tariff rates. It's all over the place, which is why no one understands what the end game is.
Donnie Boy can't say tariffs are temporary with a goal of bringing manufacturing back because they would have to remain permanent in order create the economic incentive for companies to set up shop here. There's talk Vietnam is trying to sort out lowering tariff rates, which accomplishes nothing in terms of bringing jobs back. Sure, the tariff rate will be lower so there will be some gains for the companies exporting to Vietnam, but Vietnam is also one of those cheap labor countries where a fair amount of manufacturing has gone in order to reduce reliance on China.
Why is VAT a factor ? It applies to all goods not ust imported goods. All countries raise taxes from somewhere. It seems fair enough.
I dont understand. VAT applies to all. Tariffs apply to imports. You have lost me.Many are complaining about having (more) US tariffs because they are regressive (flat rate taxes which apply to all).
I dont understand. VAT applies to all. Tariffs apply to imports. You have lost me.
The reason for much of that is, that many asian countries do not have the same labor and environmental protections.
You could actually attack the fact that Trump is doing nothing more than extortion but I don't think you'll do it.Even if we are this is the wrong way to respond to it.
Cheaper maybe.
I'll let someone else explain it to you. Maybe you'll gain a better understanding.
You might want to call Lutnick a liar. That's your choice.
You could actually attack the fact that Trump is doing nothing more than extortion but I don't think you'll do it.
And maybe a bunch of you Trump supporters would fit right in to those big cities like Chicago and those big city crimes like in Chicago because you're all supporting extortion.
Yes, Trump is acting like a mob boss in a reality TV show. A very incompetent and clownish mob boss. One who is being used by dangerous ideological extremists who write the script for him.
But vat is not a tariff. Its a tax applied on a sliding percentage scale.Tariffs are taxes which apply to all buyers (regardless of income), thus they are considered to be regressive.
But vat is not a tariff. Its a tax applied on a sliding percentage scale.
I take trump pronouncements with a large pinch of salt. but i have not seen any evidence that the US is being unfairly treated.
Australia doesnt levy any tariffs on the US but has picked up 10%.
In the UK we are awash with US goods.
I rather think trump is confusing tariffs with trade imbalances. The US is the richest country in the world so of course it will run deficits with poorer countries.
It seems like trump wants the poor countries to subsidise Americas standard of living.
Its an immoral ezercise.
I'll let someone else explain it to you. Maybe you'll gain a better understanding.
You might want to call Lutnick a liar. That's your choice.
Far from it. Im suggesting international relations are conducted by competent people who have a certain level of education. And decency.Everytime I read a statement like this I don't think the person involved realizes they have just defended trickle down economics.
Far from it. Im suggesting international relations are conducted by competent people who have a certain level of education. And decency.
Exactly, and we're already seeing inconsistency in what the desired outcome is. Are they to end "unfairness", or bring back manufacturing? That was a long list, and we have no clue what goal was expected for each nation on that list to know what "success" is. Based on the claims of "Victory!" it appears the only consistent goal is that nations communicate a willingness to negotiate, but I suspect that would have happened had he approached this without tariff threats and market chaos.The tariffs would have to be permanent to influence corps to relocate. Otherwise its not worth the bother. But trump is too erratic to be relied on /
Not much trickles down. Trickle down is a failed system that was devised to bolster the oligarch class.I rather think trump is confusing tariffs with trade imbalances. The US is the richest country in the world so of course it will run deficits with poorer countries.
It seems like trump wants the poor countries to subsidise Americas standard of living.
You are saying of course the rich are going to buy more than the poor but when they do that money trickles down to the poor.
You just rationalized trickle down economics.
Quiet meetings dont generate the attention that trump craves. Or his supplicants enjoy.Exactly, and we're already seeing inconsistency in what the desired outcome is. Are they to end "unfairness", or bring back manufacturing? That was a long list, and we have no clue what goal was expected for each nation on that list to know what "success" is. Based on the claims of "Victory!" it appears the only consistent goal is that nations communicate a willingness to negotiate, but I suspect that would have happened had he approached this without tariff threats and market chaos.
Not much trickles down. Trickle down is a failed system that was devised to bolster the oligarch class.
Whose point ? Ive no idea what trumps point is. I doubt that even he does.So then the point is to not defend the current trade system.
Not much trickles down. Trickle down is a failed system that was devised to bolster the oligarch class.
Whose point ? Ive no idea what trumps point is. I doubt that even he does.
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