this post was submitted on 16 Feb 2025
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Europe

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[–] [email protected] 3 points 4 days ago

No it’s not a tariff but it definitely dissuades me from importing things so maybe works a bit like one.

[–] [email protected] 13 points 4 days ago (1 children)

How did we end up in a situation that this even needs to be pointed out? πŸ˜‘ Ugh

[–] [email protected] 3 points 4 days ago

β€˜Tariffs’.

[–] [email protected] 42 points 4 days ago (3 children)

What ?

Do some people really think that the VAT, a domestic "sale tax" applicable on all product bought by individuals is discriminatory against US export ?

Looks like debunking a non existent fake-news :)

[–] [email protected] 2 points 4 days ago

Technically the possibility for businesses to reduce their VAT dues for things they sold by the VAT they paid on things they bought does encourage to buy a local product if its price w.o. VAT is less than the foreign product with the VAT of the foreign country.

The solution would be to not charge VAT on cross border sales, like the EU does for most of them. That is not what the US has in mind though. Alternatively of course the US can pay the VAT it collected on goods that are exported to Europe to the companies who buy them from the Americans. We just tell Trump to do this. The reactions will be fun.

[–] [email protected] 6 points 4 days ago

The stable geniuses over the Atlantic need some help with thinking

[–] [email protected] 20 points 4 days ago

Yes debunk is needed as this has been part of some tariff discussion https://www.axios.com/2025/02/15/trump-vat-tariff-europe