VAT isn't a tariff, because it also applies to domestic goods and services. This is very basic stuff. - ThreadSky

stevepeers.bsky.social • 12 days ago

VAT isn't a tariff, because it also applies to domestic goods and services. This is very basic stuff.

Reposted from Texting Menace

Trump posted this today. I have no idea what it means. Anyone want to explain to me?

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cllrandyoddy.bsky.social•12 days ago

Trump clearly thinks the world has to dance to America’s tune - the problem is that America is tone deaf

robredotruthe.bsky.social•12 days ago

unless u go really absurd.....maybe he's arguing that vat is a tax, and if we stopped paying it + wasting money on universal healthcare and welfare state we'd have more money to indulge in chlorinated chicken and ridiculously huge cars

yingtongiddle.bsky.social•12 days ago

.....and in most tax jurisdictions, while VAT is applied on each commercial transaction involved in a production & sales process, it is not usually applied to Export sale of the finished product. He hasn't got a clue!

smfbooth.bsky.social•11 days ago

Currency manipulation is arguable , if the currency is pegged to the US dollar.

stefaniabarutta.bsky.social•11 days ago

Someone should ask him if the various state taxes you pay when you buy goods in US shops are “tariffs”, because they work exactly the same as VAT.

stevepeers.bsky.social•11 days ago

I think the detail of how the tax is charged is different...but it's still not a convincing argument

norcalgids.bsky.social•12 days ago

It's a sales tax. They have them in the US. But the last thing Trump bought was a porno star.

norcalgids.bsky.social•12 days ago

And the only thing taxing about that transaction was the intercourse. For her.

textingmenace.bsky.social•12 days ago

He doesn't understand the most basic things about international trade. He only understands what he WANTS.

mark1202.bsky.social•12 days ago

Trump is just thick as two short planks.

leafymorgan.bsky.social•12 days ago

Also, dumping can be challenged at the WTO. Oh, you refuse to allow Appellate Body appointments, so you can’t actually contest a case.

And I look forward to foreigners being allowed to buy US airlines and newspapers.

And, and, and…

colwick2009.bsky.social•12 days ago

Yeah but you know, pig shit for brains and all that.

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