If Trump were to apply the same formula to impose tariffs on trade in services as he did on trade in goods, the UK's tariff on the services we sell to the USA would be about 27%.
The EU would pay the minimum 10% tariff on services because it buys more services from the USA than it sells to them.
The EU would pay the minimum 10% tariff on services because it buys more services from the USA than it sells to them.
Comments
Especially if the service industry supports Trump.
But the EU would definitely only have to pay 10% because they definitely always buy more services from the USA than vice versa.
Don’t tell the orange idiot