how soon will Trump back down over tariffs

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Or is it because he does understand VAT?
A consumer pays the VAT on any car brand, so it’s a level playing field

Trump doesn’t understand.

Trump doesn’t understand tariffs either as he is about to find out
 
A consumer pays the VAT on any car brand, so it’s a level playing field

Trump doesn’t understand.

Trump doesn’t understand tariffs either as he is about to find out

I think Trump is pretending not to understand VAT:

Economists who spoke to POLITICO argue that the idea makes little sense — despite White House assertions that the European tax systems unfairly discriminate against American companies — because VATs are a tax on what consumers buy that treats products equally, regardless of where they are made.

“VAT is neutral with respect to trade,” said Erica York, vice president at the Tax Foundation, a policy group.

 
Tariffs are a tax on consumption, so they affect the lowest earners the most.
Trump voters are the lowest earning demographic.

Trump voters have voted against their best interests…..but hey at least there will be plenty of jobs in factories with Labour rates competing against China….good luck with that :ROFLMAO::ROFLMAO:
 
10 % on the UK

Lucky we are not in the EU or it would have been 25%
It could still have been 10% if we were in the eu. Maybe the Uk will become a staging point for eu and other exporters
 
Tariffs are a tax on consumption, so they affect the lowest earners the most.
Trump voters are the lowest earning demographic.
I guess they'll have to either go without or pay extra for those imported European cars those low earning Trump voters are all driving around in.
 
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I guess they'll have to either go without or pay extra for those imported European cars those low earning Trump voters are all driving around in.
the low paid in America can’t afford new cars so your post makes you look rather silly.

Trumps tariffs will affect all sectors, but the poorest will find the basics like food will increase in price.
 
the low paid in America can’t afford new cars so your post makes you look rather silly.
I was taking the pìss out of your post.
Trumps tariffs will affect all sectors, but the poorest will find the basics like food will increase in price.
Why? What basics does America import that will affect the food eaten by the poorest?
 
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