[em-bee]

tariffs wouldn't capture anything locally produced.

[Scoundreller]

Which is great!

Give the local producers of any size a bit of subsidy instead a dog’s breakfast of programs to accomplish the same with a ton of friction.

Probably wouldn’t work well in China, but here in Canada…

[rapidaneurism]

Aren't local profits taxed?

[em-bee]

profits are taxed, but VAT captures turnover or revenue, not profits, otherwise if everyone spends all their profits there would be nothing left to tax.

[socksy]

Isn't that just VAT?