And the (digital) services which some people (intentionally?) seem to forget. And for which the companies pay a bare minimum of taxes (EU to blame on that one of course)
believe Ford UK (and Germany by the way) didn't pay tariffs that US manufactured cars paid. They paid (pay) based on being made in UK (or Germany) and they still do based on the laws governing those areas.
Very little Ford US based manufacture makes its way into either the EU or UK. The occasional Mustang, very little else. Ford US just doesn't make vehicles that appeal in those markets.
EU May Ban US Firms from Public ContractsEU Industry Commissioner Ségournet says banning US companies from EU tenders is a possible response to Trump’s tariff policy.
Those are fun cars. When I had just learned to drive and was in the army, my father had 1-series with 2l diesel engine. It was fun, as it's rwd. Had double the power of his old Volvo 940, in a small package.
We love your cars here. We buy them by the millions. BMW, MB, VW, Porsche. In fact, the US may be the biggest market for German cars. Some are already made here, I expect more will be.
EU May Ban US Firms from Public ContractsEU Industry Commissioner Ségournet says banning US companies from EU tenders is a possible response to Trump’s tariff policy.
Before we get into specific item tariffs the EU applies. There is not a federal VAT in the USA. State sales taxes are only 7.5 highest % VAT on EU imports is 15%.
So Trump hits you with 20%? and you start seeing the apocolypse?
Sneaky indirect tax bro. Its not made in the country. They couldn't go full retard free trade. Likely a subconcious thought among the haze of free trade that one day they would loose their manufacturing to a lower cost country so decided to apply it to externally made goods like the good old EEC days. That plus like Trump sees its revenue that the US republicans can take without creating another horrid tax.
On the US landscape creating a new Tax such as a federal VAT is enough to loose elections most years. An automatic loss for the Republicans. Not so much for the ruminating democrat supporter when it goes to a good cause...bigger govt.
Why yes, yes indeed. Th US is entitled to levy tariffs. This is indeed entitled behavior. The US is an independent nation in control of its own laws and regulations.
Believing that other countries get a say in US laws and regulation is also entitlement. It is just an entitlement to their own beliefs of course, not an actual entitlement to have a say in it. It is a false entitlement. They do of course have the right to negotiate.
Whether the tariffs are right or wrong? Whether they are fair, unfair, equal, or equity? This is a whole separate thing to the US being entitled to do this.
Why yes, yes indeed. Th US is entitled to levy tariffs. This is indeed entitled behavior. The US is an independent nation in control of its own laws and regulations.
Trump called us to pay them a tribute. That is entitled, not talking about tariffs. Countries are free to put as much tariff as they want. What mostly annoys me is talk about "reciprocal" tariff / 2, with no proof of it. Just say that you want protectionism, no need to go full Moscow on your communications.
Sneaky indirect tax bro. Its not made in the country. They couldn't go full retard free trade. Likely a subconcious thought among the haze of free trade that one day they would loose their manufacturing to a lower cost country so decided to apply it to externally made goods like the good old EEC days. That plus like Trump sees its revenue that the US republicans can take without creating another horrid tax.
What is sneaky about it. Also there is no EU vat either.
VaT is used to have a kind of Flat rate tax, instead of taxing income. And politicians use it to control people, such as having higher tax on alcohol and tobacco, rather than food.
Even Keir Starmer admits that the free trade dogma has run its course. Successfully gutted the UK once again as India did with cotton mills back few hundred years ago..ahh the forgotten lessons.
Bit like Holland it has these bunds and dykes so it can farm otherwise useless landscape.
Trump called us to pay them a tribute. That is entitled, not talking about tariffs. Countries are free to put as much tariff as they want. What mostly annoys me is talk about "reciprocal" tariff / 2, with no proof of it. Just say that you want protectionism, no need to go full Moscow on your communications.
Tribute vs tariffs? I think I am missing something here. And it might be pretty large.
Is it that the new US tariffs don't equal (or have reciprocity) with the straight tariffs imposed in other places?
If so, then I can't argue with the idea that the US is enacting a form of protectionism. But also with elements of a revenue collection objective that would serve a function similar to VAT and other lower level fees and associated outlays collected in various jurisdictions.
I will say that I believe the 10% floor rate is too high. Not sure there should be any floor rate. If the US is going to have a floor rate one or two percent seems more realistic. It could defray the cost of USCBP, DoC, HS, ICE, ad nauseam agencies that have duties related to import/export that incur cost.
Other than that, set the tariff at whatever the highest final grift that another country charges to do business.
They can't be equal, because trade deficit was used to calculate the so called tariff imposed by foreign countries to the US. Trade deficits can result from plenty of reasons that have nothing to do with tariffs and barriers. Such as US buying certain type of product from Madagaskar and Madagaskar being dirt poor.
Yes, it's nyt, but plenty of parties have released this formula, including Trump admin.
So far we don't have a real idea for overall tariff rates. EU claims it's ~1% overall. But for some products like cars it's 10%.
However we do know that US deficit to EU is around 3%, when services are counted. US is strong on services, while EU exports goods. Different kind of economies.
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