Post
Topic
Board Politics & Society
Merits 1 from 1 user
Re: trumps "reciprocal" is pegged rate 2:1(mostly)
by
potatotom
on 03/04/2025, 09:21:26 UTC
⭐ Merited by o48o (1)
The only problem is that this `reciprocal` tariff is based on lies and fabrications...

If you import into the EU, then the custom tariff is mostly 0% but of course certain product groups have a small custom associated with them.

Then you pay ~20 GST on importing and this is seemingly what he uses as an attack point. However, businesses can just forward these 20% down the chain and it's how all taxation in Europe works, from internal or external sources. So ... in one word: It's all bullshit and he just, as usual, doesn't understand what he's rambling about.