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explain | 11 months ago
It's not like there was a zero-tariff situation before Trump's second term
* 5% avg tariff + then 20% avg VAT
explain | 11 months ago
It's not like there was a zero-tariff situation before Trump's second term
* 5% avg tariff + then 20% avg VAT
af78|11 months ago
Trasmatta|11 months ago
clipsy|11 months ago
So, 5% tariffs.
rsynnott|11 months ago
Also, I mean, realistically most stuff that Europe buys from the US isn’t _final consumer products_; the VAT gets applied further down the chain. I’m struggling to think of a major US import that _is_ a final consumer product. Some alcohol, I suppose?
(Also, per the World Bank, the EU’s weighted effective tariffs (ie based on what is actually traded) are 1.39% (a little lower than the US’s pre-Trump II positioning); not sure where you got 5%.)
Trasmatta|11 months ago
No he's not