Actually that isn't the European position. VAT gets zero rated when goods are exported from the EU and the UK as well. Every country can do what it wants in its own interest. If America thinks i… (View Post)

I don't think this is the generally the case. Sales tax normally only applies to the final consumer. Products that will be resold are exempt. Sales taxes are levied by states and it is up to eac… (View Post)

More they don't think their choices and actions have consequences. Mostly they still think that The most striking thing about MAGA to me, beyond its nastiness, is the self indulgence of everyone… (View Post)

China seems very serious about forcing the US to ditch the tariffs. They are throwing everything at it. (View Post)

If you introduce trade friction and additional costs that inevitably reduces trade and investment, with a consequent real reduction in wealth. What the modelling does is to put a value on the loss of… (View Post)