Comment on Smartphones and computers are now exempt from Trump’s latest tariffs.
Litebit@lemmy.world 1 week agoYes it is just a form of “GST/VAT” on goods imported by Americans into US. It is a tax paid for by Americans.
It is cool way to distract people and collect more taxes. By using the phrase “tariff on china” instead of “raising taxes on Americans”.
humanspiral@lemmy.ca 1 week ago
Trump complains about other nations VAT as a justification for original “reciprocal” tariffs. If US could export any significant manufacturing goods, implementing its own VAT would be a means of taxing consumption while giving exporters a bigger tax break than just manufacturers for domestic consumption.
If everything else deserves exemptions too, a VAT would be the same, and allow funding for more tax cuts for the rich that Trump says will also save America.