What to Know About VAT, the Tax System Used in Europe That Trump Despises | Bible Prophecy In The Daily Headlines

Bible Prophecy In The Daily Headlines

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What to Know About VAT, the Tax System Used in Europe That Trump Despises | Bible Prophecy In The Daily Headlines

The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system started. President Trump on Thursday ordered… Read More: The post What to Know About VAT, the Tax System Used in Europe That Trump Despises appeared first on Bible Prophecy In The Daily Headlines.

diariolarepublica.ar

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President Trump ordered his advisers on Thursday to determine new tariff rates on US trading partners, a measure he said would “correct long-standing imbalances in international trade.” As part of his plan, Trump has targeted value added tax, a system widely used in Europe and elsewhere to tax the consumption of goods and services. The president and his team describe the tax as giving other countries an unfair trade advantage over the United Sta…

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Why Trump Tariff Push Is Targeting Value-Added Taxes: Explained

President Donald Trump doesn’t like other countries’ value-added taxes.

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U.S. President Donald Trump has announced that he will draw up a plan to impose “reciprocal tariffs” on countries that tax U.S. products. In the case of the European Union, Trump wants to impose specific tariffs in response to the value added tax (VAT) that his countries have. Something that the Trump administration considers an injustice and interprets as part of a “trade barrier” that harms them. In particular, Peter Navarro, chief trade advis…