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2025-02-13 India-Pakistan

Trade, tariffs and visas to dominate Trump-Modi talks [next week]

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Posted by Skidmark 2025-02-13 00:00|| E-Mail|| Front Page|| [1821 views ] Top

1 From CNN

"In calculating what reciprocal tariff rate to levy on other nations, he said his administration will be also be taking into account nations with value-added taxes, which he labeled “far more punitive than a tariff.”

Please. VAT is not a tariff, and it isn't pun itive. It's levied on everything a consumer purchases.

Example: If I buy a German car, I pay 19% VAT. If I import a car from the U.S., I also pay 19% VAT (called import tax in that case).

There's nothing "punitive" about it.

Posted by European Conservative 2025-02-13 16:42|| 2025-02-13 16:42|| Front Page Top

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