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by rsynnott
432 days ago
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Argh, this isn’t how anything works. Do you think that EU products are VAT-exempt or something? 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%.) |
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