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8 days agoRight. The only difference between a tariff and a VAT, is that the VAT applies to all products indiscriminately, where as a tariff only applies to imported goods.
Right. The only difference between a tariff and a VAT, is that the VAT applies to all products indiscriminately, where as a tariff only applies to imported goods.
I know you are being facetious, but for the sake of argument, at some point, the tariffs are so big, no trade is happening, so it doesn’t matter how “big” the tariff numbers are at that point, it’s all the same.