Could the GST, Trump's latest trade bugbear, trigger reciprocal tariffs?
Trump’s memorandum identifies value-added taxes (VATs) as a potential trade irritant that could justify reciprocal tariffs. The VAT, common in the European Union, is a type of consumption tax that is ...
How does a VAT work? Here’s why Europe’s consumption tax has Trump vowing reciprocal tariffs
While a sales tax is paid in full by the consumer at the point of sale, a value-added tax is collected as the product moves ...