The EU is not rushing to announce counter-tariffs to the levied 20% tariffs by US.
When it will, expect it to target services (Apple, Amazon, Meta, Google, etc) where it maintains a $ 120 Billion trade deficit with the US.
#inleo #tariffs
The EU ALREADY imposes tariffs in the form of the VAT of up to 20%. Goods imported into the EU are subject to a VAT of between 7-20% (depending on country). Imports into the U.S. are not subject to a VAT because the U.S. does not have a VAT
VAT is applicable to any countries' firms (incl. EU ones) and by most European jurisdictions. Not specifically targeted to US firms. A French firm that sells products or services in France,
The EU ALREADY imposes tariffs in the form of the VAT of up to 20%. Goods imported into the EU are subject to a VAT of between 7-20% (depending on country). Imports into the U.S. are not subject to a VAT because the U.S. does not have a VAT
VAT is applicable to any countries' firms (incl. EU ones) and by most European jurisdictions. Not specifically targeted to US firms. A French firm that sells products or services in France,