[up-n-atom]

You’re making it out like it was zero sum prior which it wasn’t and never has. The increased is 5% and the new baseline for taxable goods ie. 15% from the prior 10%. It’s basically the EU equivalent of VAT but without telling the naive American it’s an increased tax on the consumer.

The real news is these investments/purchases and that’s what my comment was about. No other country is investing in the US outside of mining. But to make face you’ll agree and setup a paper mill for manufacturing, as for power/natural resources, buy back through your own entities. Look up the news about foreign mining, they’re up in arms, but that’s exactly what they voted for.

[impossiblefork]

EU firms too pay VAT, so no, it isn't somehow equivalent to VAT.

These investments and purchases look bad, and are bad, but the really bad things is the non-reciprocal tariff, which makes it impossible to invest in EU production that can scale.