Trump Says Value-Added Taxes Will Be Considered Tariffs: What To Know About His Reciprocal Tariff Plan—And Its Inflation Impact
President Donald Trump said Saturday value-added taxes, taxes levied to goods during each stage of production which are widely used in Europe, will be considered tariffs as part of the reciprocal tariff plan he argues would level the playing field in global trade—though economists project they would increase inflation this year.
Trump’s reciprocal tariffs will overturn decades of trade policy
Since the 1960s, tariffs — or import taxes — have emerged from negotiations between dozens of countries. Trump wants to seize the process. “Obviously, it disrupts the way that things have been done for a very long time,
Trump signs sweeping reciprocal tariff plan, says more coming
Trump's all-caps post on Truth Social announcing the presser offered no details about the plan for new tariffs.
Trump signs memo to determine reciprocal tariffs on US trading partners
Trump signed a memo calling on his administration to determine "the equivalent of a reciprocal tariff with respect to each foreign trading partner."
VAT Vs. Sales Tax: What We Know As Trump Signs Reciprocal Tariffs
VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. Each participant in the supply chain pays VAT on their purchase price and charges VAT on their sales price, making this system widely prevalent in over 160 countries, particularly in the European Union.
Trump reciprocal tariffs could come by Thursday, White House says
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Trump's de minimis order: New tariff policy leads to package pile-up
Logistics experts say it was impossible for major parcel carriers and USPS to overhaul their operations in a matter of days.
Trump details his reciprocal tariff plans, asks foreign countries to 'treat us fairly': 'Deliver RECIPROCITY'
President Trump detailed his proposed trade policy overhaul in an extensive Truth Social post on reciprocal tariffs targeted at the U.S.'s trading partners.
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 through the supply chain. To borrow an example from The
Trump's trade policy sparks EU backlash, commission labels tariffs unjustified
Trump has tasked his economics team with devising plans for tariffs on every country that imposes tariffs on U.S. imports or subjects U.S. companies to value-added or digital services taxes. Trump's potential targets include China,
Plan for reciprocal tariffs on US trading partners ushers in economic uncertainty
An economist at New York University says reciprocal tariffs are bad for the economy, U.S. shoppers and the stock market outlook (AP Video: Ted Shaffrey)
White House Targets Canada’s Digital Tax in Reciprocal Tariff Plan
The White House said Canada, along with France, both levy digital taxes, and they cost U.S. firms $2 billion a year.
Trump doubles down on reciprocal tariffs, vowing a ‘level playing field’
President Trump defended his presidential memorandum proposing reciprocal tariffs in a Truth Social post Saturday, saying the ...
Modi visits White House to talk trade after Trump reveals new tariff plan
The two leaders also worked on new trade plans. Modi said that "in order to ensure India's energy security, we will focus on trade in oil and gas" with the US. Trump said the US would increase ...
Trump Administration Hints At 10% Tariff On European Auto Imports
The Trump administration also highlighted a 2.5% tariff on ethanol imports that compares to an 18% tariff applied by Brazil.
Reciprocal tariff EXPLAINED: Does it threaten India even more? How did New Delhi respond?
India faces significant risk from potential US reciprocal tariffs due to a tariff differential that exceeds 10 percentage ...
White House says reciprocal tariffs could come Thursday
President Donald Trump could announce his reciprocal tariff plan Thursday before he meets with Indian Prime Minister Narendra ...
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President Trump’s tariffs could raise costs
There’s growing concern about the new tariffs President Donald Trump announced on Thursday. The tariffs are on countries he ...